Civeo (CVEO) Total Current Liabilities : $114.2 Mil (As of Dec. 2023)

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What is Civeo Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Civeo's total current liabilities for the quarter that ended in Dec. 2023 was $114.2

Civeo Total Current Liabilities Historical Data

The historical data trend for Civeo'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.

Civeo Total Current Liabilities Chart

Civeo Annual Data

Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23

Total Current Liabilities

Get a 7-Day Free Trial 110.04 116.77 136.92 128.26 114.24

Civeo Quarterly Data

Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23

Total Current Liabilities Get a 7-Day Free Trial 128.26 103.22 102.68 125.29 114.24

Civeo Total Current Liabilities Calculation

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

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

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 69.199 + 0

+ Other Current Liabilities + Current Deferred Liabilities

= 40.188 + 4.849

= 114.2

Civeo's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 69.199 + 0

+ Other Current Liabilities + Current Deferred Liabilities

= 40.188 + 4.849

= 114.2

* 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

Civeo Total Current Liabilities Related Terms
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Civeo (CVEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Civeo Corp (NYSE:CVEO) » Definitions » Total Current Liabilities

Comparable Companies

KODK QUAD DLHC PFSW PFMT ARC SST VVI PMEC OMEX LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA

Traded in Other Exchanges

44C1:Germany

Address

333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002

Website

https://www.civeo.com

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

Executives

Moore Constance B director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

Lance Torgerson 10 percent owner 596 MCCLURE ROAD, KELOWNA A1 V1W 1H3

Martin Lambert director 333 CLAY STREET, STE 4980, HOUSTON TX 77002

Allan Schoening officer: See Remarks 333 CLAY STREET, #4980, HOUSTON TX 77002

Peter Mccann officer: Sr. Vice President, Australia 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

Jagdish Grewal director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77065

Michael Montelongo director 203 EAST MAIN STREET, SPARTANBURG SC 29319

Bradley J Dodson director, officer: President, CEO, and Director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

Barclay Brewer officer: Vice President and Controller 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

Ronald Gilbertson director 333 CLAY STREET, HOUSTON TX 77002

Tammy Torgerson 10 percent owner 596 MCCLURE ROAD, KELOWNA A1 V1W 1H3

Torgerson Family Trust 10 percent owner 596 MCCLURE ROAD, KELOWNA A1 V1W 1H3

Timothy O Wall director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

Frank Steininger officer: See Remarks 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

Mike Ridley officer: See Remarks 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002

Civeo (CVEO) Headlines

From GuruFocus

Civeo Announces Fourth Quarter 2022 Earnings Conference Call
By Business Wire Business Wire • 02-15-2023

The Civeo Corp (CVEO) Company: A Short SWOT Analysis
By GuruFocus Research • 10-30-2023

Civeo Corp (CVEO) Reports Q3 2023 Earnings: Key Highlights
By GuruFocus Research • 10-27-2023

Civeo Announces Third Quarter 2023 Earnings Conference Call
By Business Wire • 10-11-2023

Civeo Announces Third Quarter 2021 Earnings Conference Call
By Business Wire Business Wire • 10-18-2021

Civeo Announces Fourth Quarter and Full Year 2020 Earnings Conference Call
By Business Wire Business Wire • 02-17-2021

Civeo Announces Second Quarter 2023 Earnings Conference Call
By Business Wire • 07-18-2023

Civeo Agrees to Sell its McClelland Lake Lodge Assets for Approximately C$49 Million
By Business Wire • 09-12-2023

Civeo Announces First Quarter 2023 Earnings Conference Call
By Business Wire Business Wire • 04-17-2023

Civeo Regains Compliance with NYSE Minimum Price Listing Standard
By Business Wire Business Wire • 12-03-2020

Civeo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Liabilities	Get a 7-Day Free Trial															128.26	103.22	102.68	125.29	114.24

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	69.199	+	0
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	40.188	+	4.849
	=	114.2

Moore Constance B	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Lance Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Martin Lambert	director	333 CLAY STREET, STE 4980, HOUSTON TX 77002
Allan Schoening	officer: See Remarks	333 CLAY STREET, #4980, HOUSTON TX 77002
Peter Mccann	officer: Sr. Vice President, Australia	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Jagdish Grewal	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77065
Michael Montelongo	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Bradley J Dodson	director, officer: President, CEO, and Director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Barclay Brewer	officer: Vice President and Controller	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Ronald Gilbertson	director	333 CLAY STREET, HOUSTON TX 77002
Tammy Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Torgerson Family Trust	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Timothy O Wall	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Frank Steininger	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Mike Ridley	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002