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IEC Electronics (IEC Electronics) Total Current Liabilities : $46.9 Mil (As of Jun. 2021)


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What is IEC Electronics Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. IEC Electronics's total current liabilities for the quarter that ended in Jun. 2021 was $46.9

IEC Electronics Total Current Liabilities Historical Data

The historical data trend for IEC Electronics'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.

IEC Electronics Total Current Liabilities Chart

IEC Electronics Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.42 17.32 40.29 42.47 54.13

IEC Electronics Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 46.61 54.13 52.47 55.21 46.95

IEC Electronics Total Current Liabilities Calculation

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

IEC Electronics's Total Current Liabilities for the fiscal year that ended in Sep. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=33.849+0.497
+Other Current Liabilities+Current Deferred Liabilities
=0+19.783
=54.1

IEC Electronics's Total Current Liabilities for the quarter that ended in Jun. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=26.98+2.391
+Other Current Liabilities+Current Deferred Liabilities
=0+17.578
=46.9

* 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

IEC Electronics Total Current Liabilities Related Terms

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IEC Electronics (IEC Electronics) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEC Electronics Corp (NAS:IEC) » Definitions » Total Current Liabilities
Comparable Companies
KULR KOPN SMTX LPTH BELFB RELL NEON LGL OIIM IEHC TSE:6981 TPE:2317 SZSE:002475 APH TEL SZSE:000725 XKRX:006400 GLW HKSE:02382 SZSE:002938
Traded in Other Exchanges
N/A
Address
105 Norton Street, Newark, NY, USA, 14513
Website
https://www.iec-electronics.com
IEC Electronics Corp operates in an electronics contract manufacturing services (EMS) industry. It provides electronic manufacturing services to advanced technology companies primarily in the medical, industrial, aerospace and defense sectors. Its offerings include on-site analytical testing laboratories, custom design, and test engineering services. The firm also offers a broad array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking. The majority of its revenue is derived from the sale of electronic products.
Executives
Jeremy R Nowak director C/O API TECHNOLOGIES CORP ONE NORTH WACKER DRIVE SUITE 4400 CHICAGO IL 60606
Charles P Hadeed director 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Jeffrey T Schlarbaum director, officer: President and CEO 105 NORTON STREET, NEWARK NY 14513
Michael W Osborne director 105 NORTON STREET NEWARK NY 14513
Andrew M Laurence director C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606
Keith M Butler director 105 NORTON STREET NEWARK NY 14513
Thomas L Barbato officer: CFO 105 NORTON STREET, NEWARK NY 14513
Lynn J Hartrick director 105 NORTON STREET NEWARK NY 14513
Michael Thomas Williams officer: VP, Finance and CFO 54 BARCHAN DUNE RISE VICTOR NY 14564
Jens Hauvn officer: SVP, Operations C/O IEC ELECTRONICS CORP. 105 NORTON STREET NEWARK NY 14513
Eric Singer director 323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
W Barry Gilbert officer: CEO & Chairman of the Board C/O IEC ELECTRONICS CORP. NEWARK NY 14513
Brett Eugene Mancini officer: VP Bus Devel & Eng Serv 12 SANDPIPER LANE PITTSFORD NY 14534
John Carlton Johnson director 24450 MEADOW ROAD PO BOX 1093 CLARK CO 80428
Florence Distefano Hudson director 1 WINSOR PLACE PURCHASE NY 10577