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Portillos (Portillos) Total Current Liabilities : $104.9 Mil (As of Dec. 2023)


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What is Portillos Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Portillos's total current liabilities for the quarter that ended in Dec. 2023 was $104.9

Portillos Total Current Liabilities Historical Data

The historical data trend for Portillos'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.

Portillos Total Current Liabilities Chart

Portillos Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
69.94 66.35 66.94 77.30 104.91

Portillos Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.30 83.74 89.03 90.01 104.91

Portillos Total Current Liabilities Calculation

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

Portillos'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
=65.228+28.077
+Other Current Liabilities+Current Deferred Liabilities
=4.428+7.18
=104.9

Portillos'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
=65.228+28.077
+Other Current Liabilities+Current Deferred Liabilities
=4.428+7.18
=104.9

* 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

Portillos Total Current Liabilities Related Terms

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Portillos (Portillos) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Portillos Inc (NAS:PTLO) » Definitions » Total Current Liabilities
Comparable Companies
DIN FWRG KRUS BJRI CHUY RICK SG DENN BH CNNE MCD SBUX CMG LSE:CPG YUM TSX:QSP.UN TSX:QSR YUMC DRI HKSE:06862
Traded in Other Exchanges
N/A
Address
2001 Spring Road, Suite 400, Oak Brook, IL, USA, 60523
Website
https://www.portillos.com
Portillos Inc serves the Chicago street food industry through high-energy and multichannel restaurants. It owns and operates fast-casual restaurants in the United States, along with two food production commissaries in Illinois. Its menu includes hot dogs, beef and sausage sandwiches, sandwiches and ribs, salads, burgers, chicken, Barnelli's pasta, sides and soup, and desserts and shakes.
Executives
Derrick Lee Pratt officer: Chief Operating Officer C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael Osanloo director, officer: President & CEO C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523
Kelly M Kaiser officer: General Counsel and Secretary 2001 SPRING RD, STE 400, OAK BROOK IL 60523-1903
Cook George Richard Iii officer: Senior VP, Technology C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Jill Francine Waite officer: Chief Human Resources Officer C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Nicholas Anthony Scarpino officer: See Remarks C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael K Ellis officer: Chief Development Officer C/O EINSTEIN NOAH RESTAURANT GROUP, INC., 555 ZANG STREET, SUITE 300, LAKEWOOD CO 80228
Paulette R. Dodson director PETSMART, INC, 19601 N 27TH AVE, PHOENIX AZ 85027
Berkshire Fund Viii-a, L.p. director, 10 percent owner C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Eighth Berkshire Associates Llc director, 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116-5009
Joshua Adam Lutzker director C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michelle Greig Hook officer: CFO & Treasurer C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Sherri Lynn Abruscato officer: See Remarks C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Susan Beth Shelton officer: General Counsel and Secretary C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Berkshire Fund Viii, L.p. director, 10 percent owner C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116

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