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GRIID Infrastructure (GRIID Infrastructure) Total Current Liabilities : $15.34 Mil (As of Sep. 2023)


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What is GRIID Infrastructure Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. GRIID Infrastructure's total current liabilities for the quarter that ended in Sep. 2023 was $15.34

GRIID Infrastructure Total Current Liabilities Historical Data

The historical data trend for GRIID Infrastructure'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.

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GRIID Infrastructure Total Current Liabilities Chart

GRIID Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
3.28 9.02 22.15

GRIID Infrastructure Quarterly Data
Dec21 Jun22 Dec22 Jun23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial - 9.02 11.96 15.34 22.15

GRIID Infrastructure Total Current Liabilities Calculation

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

GRIID Infrastructure'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
=19.189+2.965
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=22.15

GRIID Infrastructure's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=6.717+8.619
+Other Current Liabilities+Current Deferred Liabilities
=1.7763568394003E-15+0
=15.34

* 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

GRIID Infrastructure Total Current Liabilities Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » Total Current Liabilities
Comparable Companies
Traded in Other Exchanges
GRDI:Canada
Address
2577 Duck Creek Road, Cincinnati, OH, USA, 45212
Website
Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024