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Culp (CULP) Total Current Liabilities : $43.4 Mil (As of Jan. 2024)


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What is Culp Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Culp's total current liabilities for the quarter that ended in Jan. 2024 was $43.4


Culp Total Current Liabilities Historical Data

The historical data trend for Culp's Total Current Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Culp Total Current Liabilities Chart

Culp Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.19 40.12 61.23 32.56 44.02

Culp Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.37 44.02 38.25 41.64 43.44

Culp Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Culp's Total Current Liabilities for the fiscal year that ended in Apr. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=32.984+2.64
+Other Current Liabilities+Current Deferred Liabilities
=5.8+2.596
=44.0

Culp's Total Current Liabilities for the quarter that ended in Jan. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=34.411+2.524
+Other Current Liabilities+Current Deferred Liabilities
=3.771+2.735
=43.4

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.


Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term


Culp Total Current Liabilities Related Terms

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Culp (CULP) Business Description

Traded in Other Exchanges
Address
1823 Eastchester Drive, High Point, NC, USA, 27265
Culp Inc manufactures, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture. The company has two operating segments Mattress fabrics and Upholstery fabrics. The mattress fabrics segment, also known as Culp Home Fashions, manufactures and markets mattress fabrics and mattress covers to bedding manufacturers. The upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane leather look fabrics.
Executives
Jonathan Lee Kelly director 1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Kimberly Bullock Gatling director 1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Thomas Bruno officer: President, Culp Home Fashions 1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
John Allen Baugh director 1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Gallagher Thomas Bernard Jr officer: Chief Accounting Officer 1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Perry E Davis director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Fred A Jackson director C/O FUDDICK CORP, 301 S TRYON ST STE 1800, CHARLOTTE NC 28202
Teresa Atkins Huffman officer: Senior VP, Human Resources 1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Sharon A Decker director 4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Franklin N Saxon director, officer: President and COO 8508 MAHALA DR, HIGH POINT NC 27265
Culp Robert George Iv officer: President, CHF division 101 SOUTH MAIN STREET, HIGH POINT NC 27260
Kenneth W Mcallister director 220 CASCADE DR, HIGH POINT NC 27265
Ashley Carter Durbin officer: VP, General Counsel, Secretary 1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Cassandra J Brown officer: President, Culp Home Fashions 7209 HWY 158, STOKESDALE NC 27357
Culp Robert G Iii director, 10 percent owner, officer: Chairman and CEO 903 FORREST HILL DR, HIGH POINT NC 27262

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