NetBrands (NetBrands) Total Current Liabilities : $1.64 Mil (As of Mar. 2024)

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What is NetBrands Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. NetBrands's total current liabilities for the quarter that ended in Mar. 2024 was $1.64

NetBrands Total Current Liabilities Historical Data

The historical data trend for NetBrands'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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NetBrands Total Current Liabilities Chart

NetBrands Annual Data

Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23

Total Current Liabilities

Get a 7-Day Free Trial 0.45 0.66 1.07 0.71 1.38

NetBrands Quarterly Data

Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24

Total Current Liabilities Get a 7-Day Free Trial 1.54 1.15 1.45 1.38 1.64

NetBrands Total Current Liabilities Calculation

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

NetBrands'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

= 0.711 + 0.672

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 0

= 1.38

NetBrands's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

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

= 0.784 + 0.856

+ Other Current Liabilities + Current Deferred Liabilities

= -2.2204460492503E-16 + 0

= 1.64

* 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

NetBrands Total Current Liabilities Related Terms
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NetBrands (NetBrands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NetBrands Corp (OTCPK:NBND) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

N/A

Address

4042 Austin Boulevard, Suite B Island Park, New York, NY, USA, 11558

Website

https://www.gdmginc.com

NetBrands Corp operates as a global diversified holdings company through several divisions. One of its divisions markets and sells multi-line consumer packaged goods (CPG) with branded product lines on a global basis. Another division acquires e-commerce assets as well as private businesses in various verticals and scales them up.

Executives

Paul Adler director, 10 percent owner, officer: President, Secretary and CEO 4042 AUSTIN BOULEVARD SUITE B, ISLAND PARK NY 11558

David Natan director 11190 BISCAYNE BLVD, MIAMI FL 33181

Michael Cascione director 1309 SHELBOURNE AVE, MAMARONECK NY 10543

Sandra G. Williams director 122 SCHOOL ST., FRAMINGHAM MA 01701

James Curtis Donegan director 6080 S. CHESTER WAY, GREENWOOD VILLAGE CO 80111

James M Cassidy other: frmer dir., officer: 5% sh 215 APOLENA AVENUE, NEWPORT BEACH CA 92662

James K Mckillop other: frmer dir., officer: 5% sh 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212

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NetBrands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Liabilities	Get a 7-Day Free Trial															1.54	1.15	1.45	1.38	1.64

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	0.711	+	0.672
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0	+	0
	=	1.38

Paul Adler	director, 10 percent owner, officer: President, Secretary and CEO	4042 AUSTIN BOULEVARD SUITE B, ISLAND PARK NY 11558
David Natan	director	11190 BISCAYNE BLVD, MIAMI FL 33181
Michael Cascione	director	1309 SHELBOURNE AVE, MAMARONECK NY 10543
Sandra G. Williams	director	122 SCHOOL ST., FRAMINGHAM MA 01701
James Curtis Donegan	director	6080 S. CHESTER WAY, GREENWOOD VILLAGE CO 80111
James M Cassidy	other: frmer dir., officer: 5% sh	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	other: frmer dir., officer: 5% sh	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212