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Velocity Energy (Velocity Energy) Total Current Liabilities : $14.02 Mil (As of Jun. 2009)


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What is Velocity 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. Velocity Energy's total current liabilities for the quarter that ended in Jun. 2009 was $14.02

Velocity Energy Total Current Liabilities Historical Data

The historical data trend for Velocity 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.

Velocity Energy Total Current Liabilities Chart

Velocity Energy Annual Data
Trend Dec05 Dec06 Dec07 Dec08
Total Current Liabilities
0.35 0.19 4.49 3.50

Velocity Energy Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 0.74 0.99 3.50 3.63 14.02

Velocity 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.

Velocity Energy's Total Current Liabilities for the fiscal year that ended in Dec. 2008 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.764+1.736
+Other Current Liabilities+Current Deferred Liabilities
=0.00099999999999989+0
=3.50

Velocity Energy's Total Current Liabilities for the quarter that ended in Jun. 2009 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.382+11.635
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=14.02

* 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

Velocity Energy Total Current Liabilities Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060
Website
http://www.velocity-energy.com
Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.
Executives
Michael J Pawelek director, officer: President and CEO 300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz 10 percent owner 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp 10 percent owner VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor director, 10 percent owner, officer: CEO STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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