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Sipp Industries (Sipp Industries) Total Current Liabilities : $0.01 Mil (As of Dec. 2006)


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What is Sipp Industries Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Sipp Industries's total current liabilities for the quarter that ended in Dec. 2006 was $0.01

Sipp Industries Total Current Liabilities Historical Data

The historical data trend for Sipp Industries'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.

Sipp Industries Total Current Liabilities Chart

Sipp Industries Annual Data
Trend Dec04 Dec05 Dec06
Total Current Liabilities
- 0.01 0.01

Sipp Industries Semi-Annual Data
Dec04 Dec05 Dec06
Total Current Liabilities - 0.01 0.01

Sipp Industries Total Current Liabilities Calculation

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

Sipp Industries's Total Current Liabilities for the fiscal year that ended in Dec. 2006 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.001+0.005
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.01

Sipp Industries's Total Current Liabilities for the quarter that ended in Dec. 2006 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.001+0.005
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.01

* 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

Sipp Industries Total Current Liabilities Related Terms

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Sipp Industries (Sipp Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Sipp Industries Inc (OTCPK:SIPC) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
600 Anton Boulevard, Suite 1100, Costa Mesa, CA, USA, 92626
Website
http://www.sippindustries.com
Sipp Industries Inc is a is a brand owner of craft hemp beer and spirits. It forms strategic partnerships with craft breweries and distilleries to produce its products. The Company partners with local and national distributors to promote and market the beverages to events, bars, restaurants, lounges, clubs, and retail stores.