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Optical Cable (Optical Cable) Total Current Liabilities : $6.73 Mil (As of Jan. 2024)


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What is Optical Cable Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Optical Cable's total current liabilities for the quarter that ended in Jan. 2024 was $6.73

Optical Cable Total Current Liabilities Historical Data

The historical data trend for Optical Cable'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.

Optical Cable Total Current Liabilities Chart

Optical Cable Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.63 6.27 6.17 7.48 7.77

Optical Cable Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 7.71 7.66 11.82 7.77 6.73

Optical Cable Total Current Liabilities Calculation

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

Optical Cable's Total Current Liabilities for the fiscal year that ended in Oct. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=7.716+0.053
+Other Current Liabilities+Current Deferred Liabilities
=-0.0010000000000003+0
=7.77

Optical Cable's Total Current Liabilities for the quarter that ended in Jan. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=6.676+0.054
+Other Current Liabilities+Current Deferred Liabilities
=-0.0010000000000003+0
=6.73

* 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

Optical Cable Total Current Liabilities Related Terms

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Optical Cable (Optical Cable) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optical Cable Corp (NAS:OCC) » Definitions » Total Current Liabilities
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UTSI MINM AMPG SYNX BOSC SONM WSTL CASA CYCA INSG CSCO SHSE:601138 MSI HPE OHEL:NOKIA SHSE:688036 OSTO:ERIC B SZSE:000063 ZBRA JNPR
Traded in Other Exchanges
OCC:Germany
Address
5290 Concourse Drive, Roanoke, VA, USA, 24019
Website
https://www.occfiber.com
Optical Cable Corp manufactures tight-buffered fiber optic & copper data communication cables, data communication connectivity solutions for enterprise markets, and customized solutions for specialty use & harsh environments. Its products and services include designs and customized products for specialty applications and harsh environments, cabling, connectors, patch cords, assemblies, racks, cabinets, datacom enclosures, patch panels, faceplates, and multi-media boxes. The company supplies its products and services to industries such as the military, industrial, mining, petrochemical, broadcast, oil & gas, and others.
Executives
Randall H Frazier director
Wilkin Neil D Jr director, officer: President and CFO
Williamson John B Iii director PO BOX 13007, ROANOKE VA 24030
Nygren John A Jr director 567 SEAFORD LANE, MATHEWS VA 23109
Craig H Weber director
William Russell Reynolds officer: SR VP OF SALES 106 DISTANT VIEW DRIVE, ASHEVILLE NC 28803
Tracy G Smith officer: Chief Financial Officer
Luke J Huybrechts director, officer: SVP Sales
Charles W Carson officer: SVP Marketing & Strategy
Ted W Leonard officer: VP Sales - USA
John M Holland director