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Texhoma Energy (Texhoma Energy) Total Current Liabilities : $1.54 Mil (As of Jun. 2008)


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What is Texhoma 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. Texhoma Energy's total current liabilities for the quarter that ended in Jun. 2008 was $1.54


Texhoma Energy Total Current Liabilities Historical Data

The historical data trend for Texhoma 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.

Texhoma Energy Total Current Liabilities Chart

Texhoma Energy Annual Data
Trend Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07
Total Current Liabilities
Get a 7-Day Free Trial 0.07 0.17 1.20 1.41 2.16

Texhoma Energy Quarterly Data
Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
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 1.48 2.16 1.32 1.46 1.54

Texhoma 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.

Texhoma Energy's Total Current Liabilities for the fiscal year that ended in Sep. 2007 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.705+0.453
+Other Current Liabilities+Current Deferred Liabilities
=0.00099999999999989+0
=2.16

Texhoma Energy's Total Current Liabilities for the quarter that ended in Jun. 2008 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.24+0.3
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=1.54

* 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


Texhoma Energy Total Current Liabilities Related Terms

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Texhoma Energy (Texhoma Energy) Business Description

Industry
Traded in Other Exchanges
N/A
Address
24624 I-45 North, Suite 200, Spring, TX, USA, 77386
Texhoma Energy Inc is an oil and gas company. It is primarily engaged in the acquisition, exploration, and development of crude oil and natural gas properties. The company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas. It also holds interests in the Tonto North 390 B No. 3 well located in Scurry County, Texas. The firm has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas.

Texhoma Energy (Texhoma Energy) Headlines

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