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Enthusiast Gaming Holdings (TSX:EGLX) Total Current Liabilities : C$51.0 Mil (As of Sep. 2023)


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What is Enthusiast Gaming Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Enthusiast Gaming Holdings's total current liabilities for the quarter that ended in Sep. 2023 was C$51.0

Enthusiast Gaming Holdings Total Current Liabilities Historical Data

The historical data trend for Enthusiast Gaming 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.

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Enthusiast Gaming Holdings Total Current Liabilities Chart

Enthusiast Gaming Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Total Current Liabilities
0.03 10.48 35.24 68.45 59.04

Enthusiast Gaming Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 44.66 59.04 41.40 46.26 50.99

Enthusiast Gaming 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.

Enthusiast Gaming Holdings's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=32.953+18.315
+Other Current Liabilities+Current Deferred Liabilities
=0+7.772
=59.0

Enthusiast Gaming Holdings's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=40.972+5.119
+Other Current Liabilities+Current Deferred Liabilities
=0.00099999999999767+4.898
=51.0

* 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

Enthusiast Gaming Holdings Total Current Liabilities Related Terms

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Enthusiast Gaming Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (TSX:EGLX) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
2 St. Clair West, Suite 1000, Toronto, ON, CAN, M4V 1L5
Website
https://www.enthusiastgaming.com
Enthusiast Gaming Holdings Inc is a gaming company. Its principal business activities are comprised of media and content, esports and entertainment and subscription. The company's digital media platform includes its flagship video gaming related owned and operated websites, its content channels including YouTube and casual games, and is where it derives maximum revenue from its media and content. Its esports and entertainment business, includes Luminosity, a world-wide esports franchise that consists of professional esports teams under ownership and management, and Pocket Gamer Connects, a mobile gaming events series. The company operates in one industry segment of digital media and entertainment. It geographically operates in USA, Canada, England and Wales and other foreign countries.
Executives
Eric Bernofsky Senior Officer
Michael Beckerman Director
Ben Colabrese Director
Adrian Taylor Montgomery 10% Security Holder, Director, Senior Officer
Alexander Ross Macdonald Senior Officer
Stephen James Maida Director
Francesco Aquilini 10% Security Holder, Director

Enthusiast Gaming Holdings Headlines

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