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LOGL (Legend Oil & Gas) Total Current Liabilities : $1.63 Mil (As of Dec. 2016)


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What is Legend Oil & Gas Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Legend Oil & Gas's total current liabilities for the quarter that ended in Dec. 2016 was $1.63

Legend Oil & Gas Total Current Liabilities Historical Data

The historical data trend for Legend Oil & 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.

* Premium members only.

Legend Oil & Gas Total Current Liabilities Chart

Legend Oil & Gas Annual Data
Trend Dec04 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.09 6.81 1.09 2.50 1.63

Legend Oil & Gas Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 2.50 2.34 1.83 1.55 1.63

Legend Oil & 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.

Legend Oil & Gas's Total Current Liabilities for the fiscal year that ended in Dec. 2016 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.937+0.695
+Other Current Liabilities+Current Deferred Liabilities
=-2.2204460492503E-16+0
=1.63

Legend Oil & Gas's Total Current Liabilities for the quarter that ended in Dec. 2016 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.937+0.695
+Other Current Liabilities+Current Deferred Liabilities
=-2.2204460492503E-16+0
=1.63

* 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

Legend Oil & Gas Total Current Liabilities Related Terms

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Legend Oil & Gas Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legend Oil & Gas Ltd (OTCPK:LOGL) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
555 North Point Center East, Suite 410, Alpharetta, GA, USA, 30022
Website
http://www.maxxonenergy.com
Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. It focuses is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment, as the oil and gas.
Executives
Neal P Kaufman director 14315 WEST HARDY ROAD, HOUSTON TX 77060
Hillair Capital Investments Lp 10 percent owner 345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Sean M Mcavoy 10 percent owner 345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Hillair Capital Management Llc 10 percent owner 345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
James Vandeberg 10 percent owner 10710 NE 10TH STREET #1307, BELLEVUE WA 98004
Steve S Sinohui director, 10 percent owner 2789 S. LAMAR STREET DENVER CO 80227

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