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BNCM (Bounce Mobile Systems) Total Current Liabilities : $0.36 Mil (As of Sep. 2023)


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What is Bounce Mobile Systems Total Current Liabilities?

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

Bounce Mobile Systems Total Current Liabilities Historical Data

The historical data trend for Bounce Mobile Systems'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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Bounce Mobile Systems Total Current Liabilities Chart

Bounce Mobile Systems Annual Data
Trend
Total Current Liabilities

Bounce Mobile Systems Semi-Annual Data
Sep22 Sep23
Total Current Liabilities - 0.36

Bounce Mobile Systems Total Current Liabilities Calculation

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

Bounce Mobile Systems's Total Current Liabilities for the fiscal year that ended in . 20 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=+
+Other Current Liabilities+Current Deferred Liabilities
=+
=0.00

Bounce Mobile Systems'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
=0.103+0
+Other Current Liabilities+Current Deferred Liabilities
=0.26+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

Bounce Mobile Systems Total Current Liabilities Related Terms

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Bounce Mobile Systems Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bounce Mobile Systems Inc (OTCPK:BNCM) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
One Global Place, 5th Avenue and 25th Street, Level 10-1, Bonifacio Global City, Metro Manila, Taguig, PHL, 1632
Website
https://www.bncm.net
Bounce Mobile Systems Inc is an Asset Management Company that secures its assets by investing in companies with growth robust earnings, and solid business models.

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