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Planet Based Foods Global (XCNQ:PBF) Total Current Liabilities : C$1.02 Mil (As of Sep. 2023)


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What is Planet Based Foods Global Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Planet Based Foods Global's total current liabilities for the quarter that ended in Sep. 2023 was C$1.02

Planet Based Foods Global Total Current Liabilities Historical Data

The historical data trend for Planet Based Foods Global'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.

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Planet Based Foods Global Total Current Liabilities Chart

Planet Based Foods Global Annual Data
Trend Dec21 Dec22
Total Current Liabilities
0.97 0.65

Planet Based Foods Global Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Current Liabilities Get a 7-Day Free Trial 0.20 0.65 0.37 0.78 1.02

Planet Based Foods Global Total Current Liabilities Calculation

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

Planet Based Foods Global's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.647+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.65

Planet Based Foods Global's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.009+0.014
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=1.02

* 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

Planet Based Foods Global Total Current Liabilities Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Total Current Liabilities
Comparable Companies
XCNQ:CVGR XCNQ:SILO TSXV:NAV XCNQ:REZN XCNQ:XBRA TSXV:KMC.H XCNQ:STPH XCNQ:CRCC XCNQ:J XCNQ:HMPS ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692
Traded in Other Exchanges
PBFFF:USA AZ00:Germany
Address
1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9
Website
https://www.planetbasedfoods.com
Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.

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