GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Total Current Liabilities

iFIT Health & Fitness (iFIT Health & Fitness) Total Current Liabilities : $261 Mil (As of May. 2020)


View and export this data going back to 2021. Start your Free Trial

What is iFIT Health & Fitness Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. iFIT Health & Fitness's total current liabilities for the quarter that ended in May. 2020 was $261

iFIT Health & Fitness Total Current Liabilities Historical Data

The historical data trend for iFIT Health & Fitness'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.

iFIT Health & Fitness Total Current Liabilities Chart

iFIT Health & Fitness Annual Data
Trend May19 May20 May21
Total Current Liabilities
- 261.36 706.01

iFIT Health & Fitness Quarterly Data
May19 May20 May21
Total Current Liabilities - 261.36 706.01

iFIT Health & Fitness Total Current Liabilities Calculation

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

iFIT Health & Fitness's Total Current Liabilities for the fiscal year that ended in May. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=431.476+0
+Other Current Liabilities+Current Deferred Liabilities
=50.635+223.898
=706

iFIT Health & Fitness's Total Current Liabilities for the quarter that ended in May. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=118.813+0
+Other Current Liabilities+Current Deferred Liabilities
=36.499+106.052
=261

* 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

iFIT Health & Fitness Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of iFIT Health & Fitness's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Total Current Liabilities
Comparable Companies
Traded in Other Exchanges
N/A
Address
1500 South 1000 West, Logan, UT, USA, 84321
Website
https://www.ifit.com
iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.

iFIT Health & Fitness (iFIT Health & Fitness) Headlines