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MARX (Mars Acquisition) Total Current Liabilities : $0.89 Mil (As of Jun. 2024)


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What is Mars Acquisition Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Mars Acquisition's total current liabilities for the quarter that ended in Jun. 2024 was $0.89

Mars Acquisition Total Current Liabilities Historical Data

The historical data trend for Mars Acquisition'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.

Mars Acquisition Total Current Liabilities Chart

Mars Acquisition Annual Data
Trend Sep21 Sep22 Sep23
Total Current Liabilities
0.09 0.23 0.02

Mars Acquisition Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 0.02 - 0.57 0.89

Mars Acquisition Total Current Liabilities Calculation

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

Mars Acquisition's Total Current Liabilities for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.016+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.02

Mars Acquisition's Total Current Liabilities for the quarter that ended in Jun. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.146+0.452
+Other Current Liabilities+Current Deferred Liabilities
=0.294+0
=0.89

* 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

Mars Acquisition Total Current Liabilities Related Terms

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Mars Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mars Acquisition Corp (NAS:MARX) » Definitions » Total Current Liabilities
Comparable Companies
GAMC HSPO NCAC TENK ATMV CNGL LATG FTII FNVT ATMC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1177 Avenue of The Americas, Suite 5100, Americas Tower, New York, NY, USA, 10036
Website
Mars Acquisition Corp is a blank check company.
Executives
Yenyou Zheng director 1055 WEST HASTINGS STREET, SUITE 1980, VANCOUVER A1 V6E 2E9
Xin He director 32000 AURORA ROAD, SUITE B, SOLON OH 44139
James M. Jenkins director 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Karl Brenza director 26 CHERRY STREET, KATONAH NY 10536
Yang Liu director 59 FREDERICKS ST, WEST ORANGE NJ 07052
Shanchun Huang director PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Xiaochen Zhao director 1177 AVENUE OF THE AMERICAS, SUITE 5100, NEW YORK NY 10036