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Thermon Group Holdings (Thermon Group Holdings) Total Current Liabilities

: $139.7 Mil (As of Dec. 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. Thermon Group Holdings's total current liabilities for the quarter that ended in Dec. 2023 was $139.7

Thermon Group Holdings Total Current Liabilities Historical Data

The historical data trend for Thermon Group Holdings'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.

Thermon Group Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Current Liabilities
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.29 60.64 52.80 81.00 110.07

Thermon Group Holdings 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 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 109.81 110.07 110.05 117.93 139.74

Thermon Group Holdings Total Current Liabilities Calculation

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

Thermon Group Holdings's Total Current Liabilities for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=54.947+28.086
+Other Current Liabilities+Current Deferred Liabilities
=18.467+8.572
=110.1

Thermon Group Holdings'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
=51.438+51.874
+Other Current Liabilities+Current Deferred Liabilities
=20.926+15.501
=139.7

* 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

Thermon Group Holdings Total Current Liabilities Related Terms

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Thermon Group Holdings (Thermon Group Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermon Group Holdings Inc (NYSE:THR) » Definitions » Total Current Liabilities
Comparable Companies
NPWR GRC B OFLX KRNT XMTR CIR TNC CYD PKOH GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
8TG:Germany
Address
7171 Southwest Parkway, Building 300, Suite 200, Austin, TX, USA, 78735
Website
https://www.thermon.com
Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.
Executives
Kevin J Mcginty director 6688 N CENTRAL EXPRESSWAY, SUITE 1170, DALLAS TX 75206
Nesser John T Iii director 777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Kevin Fox officer: VP - Corporate Development 7171 SOUTHWEST PKWY, BLD. 300 STE. 200, AUSTIN TX 78735
Candace Harris-peterson officer: VP, Human Resources 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Angela Strzelecki director INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Bruce Thames officer: Executive VP and COO 100 THERMON DRIVE, SAN MARCOS TX 78666
Kuahara Roberto officer: SVP, Operations 7171 SOUTHWEST PKWY, BLD. 300, STE. 200, AUSTIN TX 78735
Van Der Salm Johannes Rene officer: SVP-Global Operations 100 THERMON DRIVE, SAN MARCOS TX 78666
Michael W Press director P O BOX 327, GATES MILLS OH 44040
James Pribble officer: SVP, Thermon Heating Systems 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
John U Clarke director PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Roger L Fix director
Tarkington Ryan officer: General Counsel & Corp. Sec. 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
David Buntin officer: SVP, Thermon Heat Tracing 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Mark John Roberts officer: SVP, Global Engineering 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735