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Poseidon Concepts Corp  (TSX:PSN) Total Current Liabilities: C$37.1 Mil (As of Sep. 2012)

Total current liabilities includes Accounts Payable & Accrued Expense, Current Portion of Long-Term Debt, Other Current Liabilities, and Current Deferred Liabilities. Poseidon Concepts Corp's total current liabilities for the quarter that ended in Sep. 2012 was C$37.1


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Poseidon Concepts Corp Annual Data

Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Total Current Liabilities Premium Member Only Premium Member Only 22.25 47.58 50.08 61.78 84.16

Poseidon Concepts Corp Quarterly Data

Dec06 Dec07 Dec08 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 90.19 84.16 35.10 37.95 37.11

Calculation

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

Poseidon Concepts Corp's Total Current Liabilities for the fiscal year that ended in Dec. 2011 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Current Portion of Long-Term Debt
=55.785+0
+Other Current Liabilities+Current Deferred Liabilities
=28.371+0
=84.2

Poseidon Concepts Corp's Total Current Liabilities for the quarter that ended in Sep. 2012 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Current Portion of Long-Term Debt
=37.107+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=37.1

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Working Capital and the Current Ratio. 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.

Total Current Liabilities is also linked to Working Capital, 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


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