SMIT (Schmitt Industries) Total Current Liabilities: $5.83 Mil (As of May. 2022)


SMIT Schmitt Industries Inc SMIT
12 GF Score
Price $0.03
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What is Schmitt Industries Total Current Liabilities?

Schmitt Industries SMIT 12 Total Current Liabilities is $5.83 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Schmitt Industries's total current liabilities for the quarter that ended in May. 2022 was $5.83

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

Schmitt Industries Total Current Liabilities Related Terms

Schmitt Industries Total Current Liabilities Historical Data

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The historical data trend for Schmitt 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.

Schmitt Industries Total Current Liabilities Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 1.36 1.31 4.01 5.83

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.01 4.27 4.36 3.88 5.83
SMIT
12GF Score
Schmitt Industries Inc SMIT
Total Current Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt 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.

Schmitt Industries's Total Current Liabilities for the fiscal year that ended in May. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.549+1.978
+Other Current Liabilities+Current Deferred Liabilities
=0.185+0.116
=5.83

Schmitt Industries's Total Current Liabilities for the quarter that ended in May. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.549+1.978
+Other Current Liabilities+Current Deferred Liabilities
=0.185+0.116
=5.83

* 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.

What does a Total Current Liabilities of $5.83 Mil mean?
Schmitt Industries (SMIT) has a Total Current Liabilities of $5.83 Mil as of May. 2022. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Schmitt Industries and its competitors.
Is Schmitt Industries' Total Current Liabilities too high?
Schmitt Industries' current Total Current Liabilities is $5.83 Mil. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Total Current Liabilities compare to WHD and VAL?
Schmitt Industries' Total Current Liabilities of $5.83 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Liabilities for a Hardware company?
A good Total Current Liabilities depends on the Hardware industry context. However, Total Current Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Liabilities mean?
A high Total Current Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Schmitt Industries and its competitors. Schmitt Industries's current Total Current Liabilities is $5.83 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schmitt Industries stock overvalued right now?
Schmitt Industries (SMIT) has a current Total Current Liabilities of $5.83 Mil. The current Total Current Liabilities is $5.83 Mil. Schmitt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Liabilities calculated?
Total Current Liabilities is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Total Current Liabilities is $5.83 Mil as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Schmitt Industries Business Description

Address 2765 North West Nicolai Street, Portland, OR, USA, 97210
Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. The company manufactures and sells products in two core product lines, Acuity Lasers and Xact Tank Monitoring.
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