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Taronis Fuels (Taronis Fuels) Total Current Liabilities : $24.75 Mil (As of Sep. 2020)


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What is Taronis Fuels Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Taronis Fuels's total current liabilities for the quarter that ended in Sep. 2020 was $24.75

Taronis Fuels Total Current Liabilities Historical Data

The historical data trend for Taronis Fuels'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.

Taronis Fuels Total Current Liabilities Chart

Taronis Fuels Annual Data
Trend Dec17 Dec18 Dec19
Total Current Liabilities
1.08 2.37 6.87

Taronis Fuels Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.74 6.87 5.37 12.27 24.75

Taronis Fuels Total Current Liabilities Calculation

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

Taronis Fuels's Total Current Liabilities for the fiscal year that ended in Dec. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=5.254+0.966
+Other Current Liabilities+Current Deferred Liabilities
=0+0.647
=6.87

Taronis Fuels's Total Current Liabilities for the quarter that ended in Sep. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=11.434+8.269
+Other Current Liabilities+Current Deferred Liabilities
=0+5.044
=24.75

* 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

Taronis Fuels Total Current Liabilities Related Terms

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Taronis Fuels (Taronis Fuels) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Total Current Liabilities
Comparable Companies
Traded in Other Exchanges
N/A
Address
24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383
Website
https://www.taronisfuels.com
Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.
Executives
Scott Mahoney director, officer: Chief Executive Officer 4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L. director 150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson officer: CFO/Treasurer/Secretary P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack director 150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii director

Taronis Fuels (Taronis Fuels) Headlines

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