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True North Energy (True North Energy) Total Current Liabilities : $1.63 Mil (As of Oct. 2008)


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What is True North Energy Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. True North Energy's total current liabilities for the quarter that ended in Oct. 2008 was $1.63

True North Energy Total Current Liabilities Historical Data

The historical data trend for True North Energy'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.

True North Energy Total Current Liabilities Chart

True North Energy Annual Data
Trend Apr05 Apr06 Apr07 Apr08
Total Current Liabilities
- 0.07 0.50 2.03

True North Energy Quarterly Data
Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08
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 2.96 2.03 2.03 2.20 1.63

True North Energy Total Current Liabilities Calculation

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

True North Energy's Total Current Liabilities for the fiscal year that ended in Apr. 2008 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.263+0.711
+Other Current Liabilities+Current Deferred Liabilities
=0.052+0
=2.03

True North Energy's Total Current Liabilities for the quarter that ended in Oct. 2008 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.072+0.537
+Other Current Liabilities+Current Deferred Liabilities
=0.022+0
=1.63

* 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

True North Energy Total Current Liabilities Related Terms

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True North Energy (True North Energy) Business Description

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Traded in Other Exchanges
N/A
Address
7151 Gaston Avenue, Suite 801, Dallas, TX, USA, 75214
Website
https://www.tnencorp.com
True North Energy Corp is an independent oil and gas company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties located throughout the United States. The company currently holds assets in Colorado and Oklahoma.