FLSS (Forbes Energy Services) Current Accrued Expense: $15.1 Mil (As of Mar. 2020)

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FLSS Forbes Energy Services Ltd FLSS
16 GF Score
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What is Forbes Energy Services Current Accrued Expense?

Forbes Energy Services FLSS -90.00% 16 Current Accrued Expense is $15.1 Mil as of Mar. 2020. GuruFocus rates FLSS with a GF Score™ of 16/100.

Forbes Energy Services's Current Accrued Expense for the quarter that ended in Mar. 2020 was $15.1 Mil.

Forbes Energy Services's quarterly Current Accrued Expense declined from Sep. 2019 ($17.5 Mil) to Dec. 2019 ($12.2 Mil) but then increased from Dec. 2019 ($12.2 Mil) to Mar. 2020 ($15.1 Mil).

Forbes Energy Services's annual Current Accrued Expense increased from Dec. 2017 ($10.3 Mil) to Dec. 2018 ($13.2 Mil) but then declined from Dec. 2018 ($13.2 Mil) to Dec. 2019 ($12.2 Mil).

Forbes Energy Services Current Accrued Expense Related Terms

Forbes Energy Services Current Accrued Expense Historical Data

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The historical data trend for Forbes Energy Services's Current Accrued Expense 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.

Forbes Energy Services Current Accrued Expense Chart

Forbes Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Current Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.86 35.32 10.25 13.18 12.22

Forbes Energy Services Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Current Accrued Expense 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 12.77 15.28 17.46 12.22 15.15
FLSS
16GF Score
Forbes Energy Services Ltd FLSS
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Forbes Energy Services Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

What does a Current Accrued Expense of $15.1 Mil mean?
Forbes Energy Services (FLSS) has a Current Accrued Expense of $15.1 Mil as of Mar. 2020. Current Accrued Expense records the total amount of accrued expenses. View historical data on Forbes Energy Services and its competitors.
Is Forbes Energy Services' Current Accrued Expense too high?
Forbes Energy Services' current Current Accrued Expense is $15.1 Mil. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Forbes Energy Services' Current Accrued Expense compare to CRRTQ and HOSSQ?
Forbes Energy Services' Current Accrued Expense of $15.1 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Accrued Expense for an Oil & Gas company?
A good Current Accrued Expense depends on the Oil & Gas industry context. However, Current Accrued Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Accrued Expense mean?
A high Current Accrued Expense can signal that a stock is expensive relative to its fundamentals. Current Accrued Expense records the total amount of accrued expenses. View historical data on Forbes Energy Services and its competitors. Forbes Energy Services's current Current Accrued Expense is $15.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbes Energy Services stock overvalued right now?
Forbes Energy Services (FLSS) has a current Current Accrued Expense of $15.1 Mil. The current Current Accrued Expense is $15.1 Mil. Forbes Energy Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Accrued Expense calculated?
Current Accrued Expense is calculated from a company's financial statements. For Forbes Energy Services (FLSS), the current Current Accrued Expense is $15.1 Mil as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forbes Energy Services Business Description

Industry EnergyOil & Gas
Address 3000 South Business Highway 281, Alice, TX, USA, 78332
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
16GF Score

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Current Accrued Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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