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MVRK (Maverick Lifestyle) Total Current Liabilities : $8.56 Mil (As of Jun. 2023)


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What is Maverick Lifestyle Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Maverick Lifestyle's total current liabilities for the quarter that ended in Jun. 2023 was $8.56

Maverick Lifestyle Total Current Liabilities Historical Data

The historical data trend for Maverick Lifestyle'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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Maverick Lifestyle Total Current Liabilities Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22
Total Current Liabilities
0.21 1.39 2.23

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Total Current Liabilities Get a 7-Day Free Trial - - 2.23 8.41 8.56

Maverick Lifestyle Total Current Liabilities Calculation

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

Maverick Lifestyle's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.275+1.702
+Other Current Liabilities+Current Deferred Liabilities
=0.253+0
=2.23

Maverick Lifestyle's Total Current Liabilities for the quarter that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.188+8.068
+Other Current Liabilities+Current Deferred Liabilities
=0.304+0
=8.56

* 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

Maverick Lifestyle Total Current Liabilities Related Terms

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Maverick Lifestyle Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Total Current Liabilities
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Address
7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
Website
Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

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