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Solitron Devices (Solitron Devices) Total Current Liabilities

: $4.53 Mil (As of Nov. 2023)
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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. Solitron Devices's total current liabilities for the quarter that ended in Nov. 2023 was $4.53

Solitron Devices Total Current Liabilities Historical Data

The historical data trend for Solitron Devices'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 1.08 [6] => 1.18 [7] => 1.38 [8] => 1.16 [9] => 1.19 )
Solitron Devices Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb19 Feb20 Feb21 Feb22 Feb23
Total Current Liabilities
 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.08 1.18 1.38 1.16 1.19

Solitron Devices Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Total Current Liabilities 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 Premium Member Only Premium Member Only Premium Member Only 1.24 1.19 1.40 1.51 4.53

Solitron Devices Total Current Liabilities Calculation

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

Solitron Devices's Total Current Liabilities for the fiscal year that ended in Feb. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.527+0.11
+Other Current Liabilities+Current Deferred Liabilities
=0.521+0.031
=1.19

Solitron Devices's Total Current Liabilities for the quarter that ended in Nov. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.855+1.857
+Other Current Liabilities+Current Deferred Liabilities
=0.527+0.291
=4.53

* 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

Solitron Devices Total Current Liabilities Related Terms

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Solitron Devices (Solitron Devices) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solitron Devices Inc (OTCPK:SODI) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
901 Sansburys Way, West Palm Beach, FL, USA, 33411
Website
https://www.solitrondevices.com
Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.
Executives
Howard Timothy Eriksen director 567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson officer: President and COO 600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer director PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc 10 percent owner 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p. 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar other: Shareholder C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman director 1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc other: Shareholder 8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc other: Shareholder 8695 GLENDALE RD., CUSTER WA 98240
John F Chiste director
Dwight P Aubrey director C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity director
Sidney H Kopperl director C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407

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