Micro Imaging Technology (Micro Imaging Technology) Total Current Liabilities : $1.55 Mil (As of Jul. 2014)

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What is Micro Imaging Technology Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Micro Imaging Technology's total current liabilities for the quarter that ended in Jul. 2014 was $1.55

Micro Imaging Technology Total Current Liabilities Historical Data

The historical data trend for Micro Imaging Technology'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.

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Micro Imaging Technology Total Current Liabilities Chart

Micro Imaging Technology Annual Data

Trend Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13

Total Current Liabilities

Get a 7-Day Free Trial 0.91 1.74 2.38 0.69 1.18

Micro Imaging Technology Quarterly Data

Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14

Total Current Liabilities Get a 7-Day Free Trial 1.06 1.18 1.37 1.46 1.55

Micro Imaging Technology Total Current Liabilities Calculation

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

Micro Imaging Technology's Total Current Liabilities for the fiscal year that ended in Oct. 2013 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 0.549 + 0.29

+ Other Current Liabilities + Current Deferred Liabilities

= 0.343 + 0

= 1.18

Micro Imaging Technology's Total Current Liabilities for the quarter that ended in Jul. 2014 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 0.733 + 0.392

+ Other Current Liabilities + Current Deferred Liabilities

= 0.42 + 0

= 1.55

* 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

Micro Imaging Technology Total Current Liabilities Related Terms
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Micro Imaging Technology (Micro Imaging Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro Imaging Technology Inc (OTCPK:MMTC) » Definitions » Total Current Liabilities

Comparable Companies

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Traded in Other Exchanges

N/A

Address

970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673

Website

http://www.micro-imaging.com

Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.

Executives

Anthony M Frank other: 5% owner

Micro Imaging Technology (Micro Imaging Technology) Headlines

No Headlines

Micro Imaging Technology Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14
Total Current Liabilities	Get a 7-Day Free Trial															1.06	1.18	1.37	1.46	1.55

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	0.549	+	0.29
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0.343	+	0
	=	1.18