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EP (Empire Petroleum) Total Current Liabilities : $26.99 Mil (As of Sep. 2024)


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What is Empire Petroleum Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Empire Petroleum's total current liabilities for the quarter that ended in Sep. 2024 was $26.99

Empire Petroleum Total Current Liabilities Historical Data

The historical data trend for Empire Petroleum'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.

Empire Petroleum Total Current Liabilities Chart

Empire Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.24 6.07 12.05 17.62 25.05

Empire Petroleum Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 18.87 25.05 27.05 23.76 26.99

Empire Petroleum Total Current Liabilities Calculation

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

Empire Petroleum's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=23.513+1.537
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=25.05

Empire Petroleum's Total Current Liabilities for the quarter that ended in Sep. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=25.685+0.609
+Other Current Liabilities+Current Deferred Liabilities
=0.7+0
=26.99

* 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

Empire Petroleum Total Current Liabilities Related Terms

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Empire Petroleum Business Description

Industry
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Traded in Other Exchanges
6W8:Germany
Address
2200 South Utica Place, Suite 150, Tulsa, OK, USA, 74114
Website
http://www.empirepetroleumcorp.com
Empire Petroleum Corp is a conventional oil and natural gas producer with a main focus in the US onshore. The company possesses long-life, mature, producing assets with slow decline profiles in the Permian Basin, Bakken region and central Gulf Coast region, in the states of New Mexico, North Dakota, Montana, Louisiana and Texas. It has production from operated and non-operated wells in Lea County in New Mexico, Bottineau, Renville, Burke, and McKenzie Counties in North Dakota, Richland County in Montana, St. Landry, Beauregard Parishes in Louisiana and Houston, Leon and Madison Counties in Texas.
Executives
Phil E Mulacek 10 percent owner 25025 I 45 NORTH, SUITE 420, THE WOODLANDS TX 77380
Marchive Benjamin J. Ii director 1021 MAIN STREET, SUITE 2626, HOUSTON TX 77002-6516
Energy Evolution Master Fund, Ltd. 10 percent owner 25025 I-45 NORTH, SUITE 420, THE WOODLANDS TX 77380
J Kevin Vann officer: VP, Finance/Strategic Planning ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Mason H. Matschke director 25025 I-45 NORTH, SUITE 420, THE WOODLANDS TX 77380
Faulkner Stephen L Jr officer: Controller and Chief Acctg Ofc 3500 ONE WILLIAMS CENTER, TULSA OK 74172
Eugene J Sweeney officer: Chief Operating Officer 151 W BURTON PL, CHICAGO IL 60610
Michael R. Morrisett 10 percent owner 3803 S. TRENTON AVENUE, TULSA OK 74105-3324
Thomas W. Pritchard officer: Chief Executive Officer 15798 SPYGLASS HILL LOOP, GAINESVILLE VA 20155
Andrew Lloyd Lewis director 2200 S. UTICA PLACE, SUITE 150, TULSA OK 74114
Angela M Baker officer: Chief Accounting Officer 2200 S. UTICA PLACE, SUITE 150, TULSA OK 74114
Puckett Land Co 10 percent owner 5460 S. QUEBEC ST., SUITE 250, GREENWOOD VILLAGE CO 80111
Tony Kamin director, 10 percent owner 619 BLUFF STREET, GLENCOE IL 60022
Gary C Adams 10 percent owner 1437 S. BOULDER AVENUE, SUITE 930, TULSA OK 74119
Empire Petroleum Holdings, Llc 10 percent owner 3803 S. TRENTON AVENUE, TULSA OK 74105-3324