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Premiumome (TSX:PIC.A) Total Current Liabilities : C$0.36 Mil (As of Oct. 2023)


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What is Premiumome Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Premiumome's total current liabilities for the quarter that ended in Oct. 2023 was C$0.36

Premiumome Total Current Liabilities Historical Data

The historical data trend for Premiumome'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.

Premiumome Total Current Liabilities Chart

Premiumome Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 6.20 0.31 0.36

Premiumome Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 6.20 0.32 0.31 0.32 0.36

Premiumome Total Current Liabilities Calculation

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

Premiumome's Total Current Liabilities for the fiscal year that ended in Oct. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.363+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.36

Premiumome's Total Current Liabilities for the quarter that ended in Oct. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.363+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.36

* 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

Premiumome Total Current Liabilities Related Terms

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Premiumome (TSX:PIC.A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premium Income Corp (TSX:PIC.A) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
PIC.PR.A.PFD:Canada
Address
121 King Street West, Suite 2600, P.O. Box 113, Standard Life Centre, Toronto, ON, CAN, M5H 3T9
Website
https://www.mulvihill.com
Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The fund mainly invests in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank and common shares of National Bank of Canada.

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