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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Frontier Group Holdings's total current liabilities for the quarter that ended in Mar. 2024 was $1,797
The historical data trend for Frontier 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.
Frontier Group Holdings Annual Data | |||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 1,254.00 | 1,003.00 | 1,326.00 | 1,555.00 | 1,658.00 |
Frontier Group Holdings Quarterly Data | ||||||||||||||||||||
Mar17 | Dec18 | Dec19 | 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 | 1,680.00 | 1,645.00 | 1,689.00 | 1,658.00 | 1,797.00 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Frontier 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 |
= | 366 | + | 800 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 492 | + | 0 | |
= | 1,658 |
Frontier Group 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 |
= | 399 | + | 850 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 548 | + | 0 | |
= | 1,797 |
* 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
Thank you for viewing the detailed overview of Frontier Group Holdings's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
James G. Dempsey | officer: EVP & Chief Financial Officer | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Howard Diamond | officer: SVP, GC & Secretary | C/O FRONTIER AIRLINES, 7001 TOWER ROAD, DENVER CO 80249 |
Rajat Khanna | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239 |
Barry Biffle | director, officer: See Remarks | C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 30325 |
Jacob F. Filene | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Daniel M. Shurz | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Josh A Wetzel | officer: VP & CAO | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239 |
Ofelia Kumpf | director | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Mark Christopher Mitchell | officer: Chief Accounting Officer | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Robert J. Genise | director | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Indigo Frontier Holdings Company, Llc | 10 percent owner | C/O INDIGO PARTNERS, 2525 EAST CAMELBACK ROAD, SUITE 900, PHOENIX AZ 85016 |
Josh T. Connor | director | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Patricia Salas Pineda | director | C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111 |
William A Franke | director, 10 percent owner | |
Trevor J. Stedke | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
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