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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. MeiraGTx Holdings's total current liabilities for the quarter that ended in Dec. 2023 was $67.08
The historical data trend for MeiraGTx Holdings'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.
MeiraGTx Holdings Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 49.20 | 54.15 | 68.13 | 82.07 | 67.08 |
MeiraGTx Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Current Liabilities | Get a 7-Day Free Trial | 82.07 | 81.10 | 71.80 | 63.51 | 67.08 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
MeiraGTx Holdings'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 |
= | 46.552 | + | 4.193 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 13.407 | + | 2.926 | |
= | 67.08 |
MeiraGTx Holdings's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 46.552 | + | 4.193 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 13.407 | + | 2.926 | |
= | 67.08 |
* 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
Thank you for viewing the detailed overview of MeiraGTx Holdings's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
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Alexandria Forbes | director, officer: President & CEO | C/O KADMON HOLDINGS, LLC, 450 E. 29TH STREET, NEW YORK NY 10016 |
Richard Giroux | officer: Chief Operating Officer | C/O MEIRAGTX - US, 430 EAST 29TH STREET, 10TH FLOOR, NEW YORK NY 10016 |
Stuart Naylor | director, officer: Chief Dev. Officer | C/O MEIRAGTX - US, 430 EAST 29TH STREET, 10TH FLOOR, NEW YORK NY 10016 |
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