United States Oil and Gas (FRA:NG5B) Total Current Liabilities: €2.65 Mil (As of Sep. 2011)

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What is United States Oil and Gas Total Current Liabilities?

United States Oil and Gas FRA:NG5B Total Current Liabilities is €2.65 Mil as of Sep. 2011.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. United States Oil and Gas's total current liabilities for the quarter that ended in Sep. 2011 was €2.65

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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

United States Oil and Gas Total Current Liabilities Related Terms

United States Oil and Gas Total Current Liabilities Historical Data

* Premium members only.

The historical data trend for United States Oil and Gas'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.

United States Oil and Gas Total Current Liabilities Chart

United States Oil and Gas Annual Data
Trend Dec09 Dec10
Total Current Liabilities
3.91 2.81

United States Oil and Gas Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.04 2.81 2.53 2.50 2.65

United States Oil and Gas Total Current Liabilities Calculation

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

United States Oil and Gas's Total Current Liabilities for the fiscal year that ended in Dec. 2010 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.93+1.243
+Other Current Liabilities+Current Deferred Liabilities
=0.613+0.026
=2.81

United States Oil and Gas's Total Current Liabilities for the quarter that ended in Sep. 2011 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.901+1.197
+Other Current Liabilities+Current Deferred Liabilities
=0.068+0.481
=2.65

* 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.

What does a Total Current Liabilities of €2.65 Mil mean?
United States Oil and Gas (FRA:NG5B) has a Total Current Liabilities of €2.65 Mil as of Sep. 2011. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for United States Oil and Gas and its competitors.
Is United States Oil and Gas' Total Current Liabilities too high?
United States Oil and Gas' current Total Current Liabilities is €2.65 Mil.
How does United States Oil and Gas' Total Current Liabilities compare to competitors?
United States Oil and Gas' Total Current Liabilities of €2.65 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 Total Current Liabilities for an Oil & Gas company?
A good Total Current Liabilities depends on the Oil & Gas industry context. However, Total Current Liabilities 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 Total Current Liabilities mean?
A high Total Current Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for United States Oil and Gas and its competitors. United States Oil and Gas's current Total Current Liabilities is €2.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United States Oil and Gas stock overvalued right now?
United States Oil and Gas (FRA:NG5B) has a current Total Current Liabilities of €2.65 Mil. The current Total Current Liabilities is €2.65 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Liabilities calculated?
Total Current Liabilities is calculated from a company's financial statements. For United States Oil and Gas (FRA:NG5B), the current Total Current Liabilities is €2.65 Mil as of Sep. 2011. 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.

United States Oil and Gas Business Description

Industry EnergyOil & Gas
United States Oil And Gas Corp was founded in April 2007. The Company identifies and attempts to acquire domestic oil and gas service companies that market and distribute refined fuels, distillates (which are liquid petroleum products that are burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power) and propane to retail and wholesale customers and oversee the operations of the businesses it acquires. Its acquisition targets are small to mid-sized family-run companies. Oil and gas service companies typically purchase bulk fuel and propane from regional suppliers, then store, sell, and deliver the fuel and propane to local businesses, drillers, farms, wholesalers, and individuals.