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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Primoris Services's total current liabilities for the quarter that ended in Dec. 2023 was $1,335
The historical data trend for Primoris Services'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.
Primoris Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 670.45 | 764.42 | 759.12 | 1,138.06 | 1,335.04 |
Primoris Services Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Current Liabilities | Get a 7-Day Free Trial | 1,138.06 | 1,134.16 | 1,289.19 | 1,297.94 | 1,335.04 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Primoris Services'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 |
= | 784.547 | + | 169.314 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 18.015 | + | 363.159 | |
= | 1,335 |
Primoris Services's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 784.547 | + | 169.314 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 18.015 | + | 363.159 | |
= | 1,335 |
* 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
Thank you for viewing the detailed overview of Primoris Services's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Edward Mccormick | officer: Chief Operating Officer | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
Stephen C. Cook | director | 7500 SAN FELIPE, STE. 600, HOUSTON TX 77063 |
David Lee King | officer: Chief Operating Officer | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
John M. Perisich | officer: Senior VP and General Counsel, other: Member - see remark | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
John Schauerman | director, officer: Chief Financial Officer, other: Member - see remark | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
Moreno John F Jr | officer: Chief Operating Officer | C/O PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD ST, SUITE 1900, DALLAS TX 75201 |
Michael E. Ching | director | C/O PRIMORIS SERVICES CORPORATION, 2300 N FIELD STREET, SUITE 1900, DALLAS TX 75201 |
Terry D Mccallister | director | 1100 H ST NW, WASHINGTON DC 20080 |
Jose Ramon Rodriguez | director | PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201 |
Thomas E. Tucker | director | 3 UPPER NEWPORT PLAZA DRIVE, NEWPORT BEACH CA 92660 |
Patricia K Wagner | director | 1720 NORTH FIRST STREET, SAN JOSE CA 95020 |
Kenneth Morris Dodgen | officer: Corporate Controller | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
Brian Pratt | director, 10 percent owner, officer: Chairman, CEO & President, other: Member - see remark | 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225 |
Carla S Mashinski | director | 8200 S. UNIT DRIVE, TULSA OK 74132 |
Travis L Stricker | officer: Chief Accounting Officer | 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380 |
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