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Forte Group Holdings (XCNQ:FGH) Total Current Liabilities : C$14.71 Mil (As of Sep. 2024)


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What is Forte Group Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Forte Group Holdings's total current liabilities for the quarter that ended in Sep. 2024 was C$14.71

Forte Group Holdings Total Current Liabilities Historical Data

The historical data trend for Forte Group Holdings'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.

Forte Group Holdings Total Current Liabilities Chart

Forte Group Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 2.10 1.80 6.26 15.13 17.15

Forte Group Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 18.36 17.15 15.95 14.12 14.71

Forte Group Holdings Total Current Liabilities Calculation

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

Forte Group Holdings's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=7.963+4.978
+Other Current Liabilities+Current Deferred Liabilities
=4.185+0.027
=17.15

Forte Group Holdings's Total Current Liabilities for the quarter that ended in Sep. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=4.794+5.791
+Other Current Liabilities+Current Deferred Liabilities
=4.096+0.027
=14.71

* 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

Forte Group Holdings Total Current Liabilities Related Terms

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Forte Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Forte Group Holdings Inc (XCNQ:FGH) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
FGHFF:USA 7BC0:Germany
Address
1108 West 8th Avenue, Vancouver, BC, CAN, V6H 4C8
Website
https://www.bevcanna.com
Forte Group Holdings Inc lifestyle and wellness beverages and nutraceuticals under the flagship TRACE brand, while expanding white-label production for partners. It is also preparing to launch its TRACE BLACKwater products internationally, alongside a new line of proprietary nutraceutical health products in the U.S. under the TRACE brand, its recent acquisition of the U.S.-based direct-to-consumer (DTC) e-commerce and nutraceutical product company.
Executives
Marcello Leone Director, Senior Officer
Martino Ciambrelli Senior Officer
Melise Panetta Senior Officer
Douglas Lawrence Mason Director
Norman John Campbell Director, Senior Officer
Bevcanna Enterprises Inc. Issuer