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Inrad Optics (Inrad Optics) Total Current Liabilities : $4.70 Mil (As of Mar. 2024)


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What is Inrad Optics Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Inrad Optics's total current liabilities for the quarter that ended in Mar. 2024 was $4.70

Inrad Optics Total Current Liabilities Historical Data

The historical data trend for Inrad Optics'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.

Inrad Optics Total Current Liabilities Chart

Inrad Optics 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 2.04 1.90 1.29 2.17 2.28

Inrad Optics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.19 2.14 2.43 2.28 4.70

Inrad Optics Total Current Liabilities Calculation

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

Inrad Optics'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
=0.832+0.381
+Other Current Liabilities+Current Deferred Liabilities
=-4.4408920985006E-16+1.067
=2.28

Inrad Optics's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.76+2.886
+Other Current Liabilities+Current Deferred Liabilities
=8.8817841970013E-16+1.057
=4.70

* 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

Inrad Optics Total Current Liabilities Related Terms

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Inrad Optics (Inrad Optics) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inrad Optics Inc (OTCPK:INRD) » Definitions » Total Current Liabilities
Comparable Companies
IEHC MMAT TNLX MTEK CPSH HOLO DAIO SGMA LGL OST APH TPE:2317 TEL TSE:6981 SZSE:002475 GLW TPE:2308 SZSE:000725 XKRX:006400 TSE:6762
Traded in Other Exchanges
N/A
Address
181 Legrand Avenue, Northvale, NJ, USA, 07647
Website
https://www.inradoptics.com
Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.
Executives
Dennis G Romano director C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Norman E. Strandlund director 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Amy Eskilson officer: CEO RIVERCREST CO-OP, 103 GEDNEY ST., APT 1H, NYACK NY 10960
George F Murray officer: VP SALES & MARKETING INRAD OPTICS, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Thomas Caughey director C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Theresa A Balog officer: Chief Financial Officer C/O INRAD OPTICS, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Jan M Winston director 141 LANSDOWNE, WESTPORT CT 06880
John M Duich officer: VP Operations Sarasota C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Joseph J Rutherford director, officer: President/CEO C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Miroslav Dosoudil officer: VP Operations C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
John R Ryan officer: VP Sales & Marketing C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Lavalle Luke P Jr director C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
William Brucker officer: VP, Human Resources C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
William J Foote officer: CHIEF FINANCIAL OFFICER C/O PPGI, 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Daniel Lehrfeld officer: President & CEO 34 GREENWOOD DRIVE, NEW CITY NY 10956

Inrad Optics (Inrad Optics) Headlines

From GuruFocus

INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Inrad Optics, Inc. - INRD

By PRNewswire • 04-10-2024