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EFLT (eFleets) Total Current Liabilities : $5.47 Mil (As of Jun. 2014)


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What is eFleets Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. eFleets's total current liabilities for the quarter that ended in Jun. 2014 was $5.47


eFleets Total Current Liabilities Historical Data

The historical data trend for eFleets'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.

eFleets Total Current Liabilities Chart

eFleets Annual Data
Trend May09 May10 May11 May12 Dec13
Total Current Liabilities
0.01 0.02 0.05 0.06 2.99

eFleets Quarterly Data
Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 Jun13 Sep13 Dec13 Mar14 Jun14
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 2.33 3.74 2.99 3.04 5.47

eFleets Total Current Liabilities Calculation

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

eFleets's Total Current Liabilities for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.563+1.423
+Other Current Liabilities+Current Deferred Liabilities
=-0.00099999999999989+0
=2.99

eFleets's Total Current Liabilities for the quarter that ended in Jun. 2014 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.898+3.461
+Other Current Liabilities+Current Deferred Liabilities
=0+0.113
=5.47

* 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


eFleets Total Current Liabilities Related Terms

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eFleets Business Description

Traded in Other Exchanges
N/A
Address
7660 Pebble Drive, Fort Worth, TX, USA, 76118
Website
eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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