GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine Acquisition Corp (NYSE:TRNE) » Definitions » Total Current Liabilities

Trine Acquisition (Trine Acquisition) Total Current Liabilities : $3.96 Mil (As of Sep. 2020)


View and export this data going back to 2019. Start your Free Trial

What is Trine Acquisition Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Trine Acquisition's total current liabilities for the quarter that ended in Sep. 2020 was $3.96

Trine Acquisition Total Current Liabilities Historical Data

The historical data trend for Trine Acquisition'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.

Trine Acquisition Total Current Liabilities Chart

Trine Acquisition Annual Data
Trend Dec18 Dec19
Total Current Liabilities
0.34 0.30

Trine Acquisition Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Total Current Liabilities Get a 7-Day Free Trial 0.20 0.30 0.77 0.29 3.96

Trine Acquisition Total Current Liabilities Calculation

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

Trine Acquisition's Total Current Liabilities for the fiscal year that ended in Dec. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.303+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.30

Trine Acquisition's Total Current Liabilities for the quarter that ended in Sep. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.675+1.285
+Other Current Liabilities+Current Deferred Liabilities
=0.00099999999999989+0
=3.96

* 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

Trine Acquisition Total Current Liabilities Related Terms

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

Trine Acquisition (Trine Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine Acquisition Corp (NYSE:TRNE) » Definitions » Total Current Liabilities
Comparable Companies
CFFA ACTT ACAM LGC SFTW CHPM SBE HCAC RPLA THCB CCXX CCX FPAC VTIQ SPAQ FEAC CCH CPAA LSE:EVRA GHIV
Traded in Other Exchanges
N/A
Address
405 Lexington Avenue, 48th Floor, The Chrysler Building, New York, NY, USA, 10174
Website
https://www.trineacquisitioncorp.com
Trine Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Trine Acquisition (Trine Acquisition) Headlines

From GuruFocus

Desktop Metal Becomes the World's Only Publicly Traded Pure-Play Additive Manufacturing 2.0 Company

By Business Wire Business Wire • 12-10-2020

TRINE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of Trine Acquisition Corp. - TRNE

By PRNewswire PRNewswire • 09-19-2020

Desktop Metal to Become Public, Creating the Only Listed Pure-Play Additive Manufacturing 2.0 Company

By Business Wire Business Wire • 08-26-2020

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Trine Acquisition Corp. (TRNE)

By PRNewswire PRNewswire • 09-19-2020

Trine Acquisition Corp. Files Registration Statement on Form S-4 with Preliminary Proxy Statement/Consent Solicitation Statement/Prospectus in Connection with Proposed Business Combination with Desktop Metal

By Business Wire Business Wire • 09-15-2020

Desktop Metal Launches New Process Simulation Software for Metal Additive Manufacturing

By Business Wire Business Wire • 11-06-2020

Desktop Metal to Present at the Credit Suisse 8th Annual Virtual Industrials Conference

By Business Wire Business Wire • 11-25-2020

Desktop Metal Begins Global Shipments of Shop System for Mid-Volume Metal 3D Printing Manufacturing

By Business Wire Business Wire • 11-19-2020

Trine Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing May 3, 2019

By Marketwired Marketwired • 04-29-2019

Trine Acquisition Corp. Announces Closing of Underwriters' Over-Allotment Option In Connection With Its Initial Public Offering

By Marketwired Marketwired • 03-29-2019