Adastra Holdings (XCNQ:XTRX) Total Current Liabilities : C$16.68 Mil (As of Mar. 2024)

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What is Adastra 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. Adastra Holdings's total current liabilities for the quarter that ended in Mar. 2024 was C$16.68

Adastra Holdings Total Current Liabilities Historical Data

The historical data trend for Adastra 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.

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Adastra Holdings Total Current Liabilities Chart

Adastra Holdings Annual Data

Trend Apr19 Dec20 Dec21 Dec22 Dec23

Total Current Liabilities

2.55 3.59 5.34 12.66 16.92

Adastra Holdings Quarterly Data

Oct18 Oct19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24

Total Current Liabilities Get a 7-Day Free Trial 14.70 14.01 11.91 16.92 16.68

Adastra 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.

Adastra 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

= 13.421 + 3.496

+ Other Current Liabilities + Current Deferred Liabilities

= 3.5527136788005E-15 + 0

= 16.92

Adastra Holdings's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 13.175 + 3.505

+ Other Current Liabilities + Current Deferred Liabilities

= 0.0010000000000012 + 0

= 16.68

* 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

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Adastra Holdings (XCNQ:XTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (XCNQ:XTRX) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

XTXXF:USA D2E:Germany

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.

Executives

Lachlan Clyde Mcleod Senior Officer

Adastra Holdings (XCNQ:XTRX) Headlines

No Headlines

Adastra Holdings Quarterly Data
	Oct18	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Liabilities	Get a 7-Day Free Trial														14.70	14.01	11.91	16.92	16.68

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	13.421	+	3.496
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	3.5527136788005E-15	+	0
	=	16.92