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Forbidden Spirits Distilling (TSXV:VDKA.H) Total Current Liabilities : C$0.94 Mil (As of Sep. 2022)


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What is Forbidden Spirits Distilling Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Forbidden Spirits Distilling's total current liabilities for the quarter that ended in Sep. 2022 was C$0.94

Forbidden Spirits Distilling Total Current Liabilities Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Total Current Liabilities Chart

Forbidden Spirits Distilling Annual Data
Trend Dec19 Dec20 Dec21
Total Current Liabilities
0.89 1.66 1.32

Forbidden Spirits Distilling Quarterly Data
Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.32 0.86 0.89 0.94

Forbidden Spirits Distilling Total Current Liabilities Calculation

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

Forbidden Spirits Distilling's Total Current Liabilities for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.012+0.311
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=1.32

Forbidden Spirits Distilling's Total Current Liabilities for the quarter that ended in Sep. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.797+0.14
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.94

* 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

Forbidden Spirits Distilling Total Current Liabilities Related Terms

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Forbidden Spirits Distilling Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Total Current Liabilities
Comparable Companies
XCNQ:SBD SHSE:600519 LSE:DGE SZSE:000858 XPAR:RI STZ SHSE:600809 SZSE:000568 SZSE:002304 BF.B SZSE:000596 SGX:Y92 MIL:CPR ASX:EDV XPAR:RCO MEX:CUERVO SHSE:603369 SHSE:600702 BOM:532432 SHSE:603198
Traded in Other Exchanges
N/A
Address
4400 Wallace Hill Road, Kelowna, BC, CAN, V1W 1C3
Website
https://www.forbiddenspirits.ca
Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits directly to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky. The company's reportable operating segments include the distilling and sale of spirits, the sale of hand sanitizer and merchandise.

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