Elevate Credit (Elevate Credit) Total Current Liabilities : $43.3 Mil (As of Sep. 2022)

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What is Elevate Credit Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Elevate Credit's total current liabilities for the quarter that ended in Sep. 2022 was $43.3

Elevate Credit Total Current Liabilities Historical Data

The historical data trend for Elevate Credit'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.

Elevate Credit Total Current Liabilities Chart

Elevate Credit Annual Data

Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21

Total Current Liabilities

Get a 7-Day Free Trial 76.12 73.89 50.77 55.39 87.26

Elevate Credit Quarterly Data

Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22

Total Current Liabilities Get a 7-Day Free Trial 67.84 87.26 76.84 64.37 43.27

Elevate Credit Total Current Liabilities Calculation

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

Elevate Credit's Total Current Liabilities for the fiscal year that ended in Dec. 2021 is calculated as

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

= 64.821 + 0

+ Other Current Liabilities + Current Deferred Liabilities

= 17.996 + 4.446

= 87.3

Elevate Credit's Total Current Liabilities for the quarter that ended in Sep. 2022 is calculated as

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

= 38.791 + 0

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 4.48

= 43.3

* 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

Elevate Credit Total Current Liabilities Related Terms
Thank you for viewing the detailed overview of Elevate Credit's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Elevate Credit (Elevate Credit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Elevate Credit Inc (NYSE:ELVT) » Definitions » Total Current Liabilities

Comparable Companies

NICK JT BWMY AHG NISN YRD FIGI LMFA PT XYF V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

4150 International Plaza, Suite 300, Fort Worth, TX, USA, 76109

Website

https://www.elevate.com

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States.

Executives

Bradley R. Strock director C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109

Christopher Lutes officer: Chief Financial Officer C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109

Steven Austin Trussell officer: Chief Financial Officer 4150 INTERNATIONAL PKWY, STE 300, FT. WORTH TX 76109

David Curry Peterson officer: Chief Credit Officer C/O ELEVATE CREDIT, 4150 INTERNATIONAL PLAZA, STE 300, FORT WORTH TX 76109

Scott Greever director, officer: Managing Director, UK C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109

Jason Harvison director, officer: Chief Operating Officer C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109

Jesse K Bray director 8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019

Rodriquez Manuel Sanchez director C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005

Michael T. Pugh director CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027

Head Tyler W. K. director C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109

Linda Stinson 10 percent owner C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109

Tcv Management 2004 Llc 10 percent owner, other: May be part of a 13(g) group 528 RAMONA STREET, PALO ALTO CA 94301

Tcv Member Fund, L.p. 10 percent owner, other: May be part of a 13(g) group 528 RAMONA STREET, PALO ALTO CA 94301

Technology Crossover Management V Llc 10 percent owner, other: May be part of a 13(g) group C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025

Tcv V Lp 10 percent owner, other: May be part of a 13(g) group 528 RAMONA STREET, PALO ALTO CA 94301

Elevate Credit (Elevate Credit) Headlines

From GuruFocus

SHAREHOLDER ALERT: Weiss Law Reminds ELVT, SRYB, USER, and MNRL Shareholders About Its Ongoing Investigations
By PRNewswire PRNewswire • 12-07-2022

ELEVATE CREDIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Elevate Credit, Inc. - ELVT
By Business Wire Business Wire • 01-24-2023

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates KNBE, ELVT, GRAY, APEN
By Value_Insider Value_Insider • 12-07-2022

SHAREHOLDER ALERT: Weiss Law Reminds ELVT, SRYB, USER, and LFG Shareholders About Its Ongoing Investigations
By PRNewswire PRNewswire • 11-30-2022

Elevate to be Acquired by Park Cities Asset Management
By Business Wire Business Wire • 11-16-2022

SHAREHOLDER ALERT: Weiss Law Investigates Elevate Credit, Inc.
By PRNewswire PRNewswire • 11-18-2022

INVESTOR ALERT: The M&A Class Action Firm Launches Legal Inquiry Regarding the Merger � ELVT, HZNP, LBC, COUP
By Value_Insider Value_Insider • 12-20-2022

Elevate Credit Third Quarter 2022 Earnings Release Available on its Investor Relations Website
By Business Wire Business Wire • 11-09-2022

ELVT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Elevate Credit, Inc. Is Fair to Shareholders
By Business Wire Business Wire • 11-17-2022

INVESTOR ALERT: The M&A Class Action Firm Reminds Investors of an Ongoing Inquiry Regarding the Acquisition � ELVT, FCRD, MNRL, IMRA
By Value_Insider Value_Insider • 11-28-2022

Elevate Credit Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Current Liabilities	Get a 7-Day Free Trial															67.84	87.26	76.84	64.37	43.27

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	64.821	+	0
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	17.996	+	4.446
	=	87.3

Bradley R. Strock	director	C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109
Christopher Lutes	officer: Chief Financial Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Steven Austin Trussell	officer: Chief Financial Officer	4150 INTERNATIONAL PKWY, STE 300, FT. WORTH TX 76109
David Curry Peterson	officer: Chief Credit Officer	C/O ELEVATE CREDIT, 4150 INTERNATIONAL PLAZA, STE 300, FORT WORTH TX 76109
Scott Greever	director, officer: Managing Director, UK	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jason Harvison	director, officer: Chief Operating Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jesse K Bray	director	8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019
Rodriquez Manuel Sanchez	director	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael T. Pugh	director	CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027
Head Tyler W. K.	director	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Linda Stinson	10 percent owner	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Tcv Management 2004 Llc	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Member Fund, L.p.	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Technology Crossover Management V Llc	10 percent owner, other: May be part of a 13(g) group	C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Tcv V Lp	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301