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Sovos Brands (Sovos Brands) Total Current Liabilities : $149 Mil (As of Dec. 2023)


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What is Sovos Brands Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Sovos Brands's total current liabilities for the quarter that ended in Dec. 2023 was $149

Sovos Brands Total Current Liabilities Historical Data

The historical data trend for Sovos Brands'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.

Sovos Brands Total Current Liabilities Chart

Sovos Brands Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
61.43 100.09 92.33 122.24 149.30

Sovos Brands Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 122.24 116.49 105.91 128.17 149.30

Sovos Brands Total Current Liabilities Calculation

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

Sovos Brands'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
=116.766+3.459
+Other Current Liabilities+Current Deferred Liabilities
=29.076+0
=149

Sovos Brands'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
=116.766+3.459
+Other Current Liabilities+Current Deferred Liabilities
=29.076+0
=149

* 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

Sovos Brands Total Current Liabilities Related Terms

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Sovos Brands (Sovos Brands) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sovos Brands Inc (NAS:SOVO) » Definitions » Total Current Liabilities
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CENT THS NOMD FRPT HLF JJSF JBSS HAIN UTZ KLG XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
168 Centennial Parkway, Suite 200, Louisville, CO, USA, 80027
Website
https://www.sovosbrands.com
Sovos Brands Inc is a food company in the United States. Its brands are Rao's, noosa, Birch Benders, and Michael Angelo's. Its Rao's products include our Rao's Homemade pasta sauces (including tomato-based sauces, Alfredo sauces, and Pesto sauces), pizza sauces, and dry pasta; Rao's Homestyle meat-based pasta sauces; and Rao's Made for Home frozen entrees and soups.
Executives
Todd R Lachman director, officer: President and CEO
Isobel A Jones officer: CLO, GC and Secretary C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Christopher W. Hall officer: Chief Financial Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Katie Gvazdinskas officer: Chief Human Resources Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Kirk A. Jensen officer: Chief Supply Chain Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Risa Cretella officer: Executive Vice President C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Lisa Y. O'driscoll officer: Chief Administrative Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Yuri Hermida officer: Chief Growth Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Advent International Gp, Llc 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Corp/ma 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Jefferson M Case director 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Neha Mathur director C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Robert L Graves director C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Wendy K. Behr officer: Chief R&D Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Priscilla Tuan officer: Chief Marketing Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027