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Heritage Global (Heritage Global) Total Current Liabilities : $14.73 Mil (As of Dec. 2023)


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What is Heritage 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. Heritage Global's total current liabilities for the quarter that ended in Dec. 2023 was $14.73

Heritage Global Total Current Liabilities Historical Data

The historical data trend for Heritage 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.

* Premium members only.

Heritage Global Total Current Liabilities Chart

Heritage Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.13 13.99 14.22 16.23 14.73

Heritage Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 16.23 21.54 17.07 20.08 14.73

Heritage 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.

Heritage Global'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
=11.715+2.522
+Other Current Liabilities+Current Deferred Liabilities
=0+0.497
=14.73

Heritage Global's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=11.715+2.522
+Other Current Liabilities+Current Deferred Liabilities
=0+0.497
=14.73

* 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

Heritage Global Total Current Liabilities Related Terms

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Heritage Global (Heritage Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (NAS:HGBL) » Definitions » Total Current Liabilities
Comparable Companies
TOP MDBH GSIW SRL STGC PROP SWIN MFH SIEB CURN MS GS SCHW ASX:MQG SHSE:600030 BSP:BPAC3 RJF TW SHSE:601066 LPLA
Traded in Other Exchanges
LGC:Germany
Address
12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130
Website
https://www.hginc.com
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.
Executives
Nicholas Kirk Dove officer: President, Industrial Assets 12509 EL CAMINO REAL, UNIT B, SAN DIEGO CA 92130
Samuel L Shimer director C/O HERITAGE GLOBAL INC., 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Ross Dove officer: President of Subsidiary 330 HATCH DRIVE, FOSTER CITY CA 94404
David Van Ludwig officer: President of subsidiary 10 SUNSET HILLS PROFESSIONAL CENTRE, EDWARDSVILLE IL 62025
Michael Hexner director 200 BRANNAN STREET, #332, SAN FRANCISCO CA 94107
Topline Capital Partners, Lp 10 percent owner 544 EUCLID STREET, SANTA MONICA CA 90402
Topline Capital Management, Llc other: See Explanation in Footnotes 544 EUCLID STREET, SANTA MONICA CA 90402
William L Burnham director INDUCTIVE CAPITAL LP, 9855 DOUBLE R BLVD, STE 125, RENO NV 89521
James Edward Sklar officer: EVP, Gen. Counsel & Secretary 31500 NORTHWESTERN HWY., SUITE 105, FARMINGTON HILLS MI 48334
Kelly S Sharpe director 5094 NORTHLAWN DR., SAN JOSE CA 95130
Barbara A Sinsley director 2502 KENNETH ST., MARRIETA GA 30066
Shirley Cho director 12227 VALLEYHEART DRIVE, STUDIO CITY CA 91604
Brian J. Cobb officer: VP of Finance and Controller 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Allan C Silber officer: President C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6
Mcbirney Collin other: See Explanation in Footnotes 544 EUCLID STREET, SANTA MONICA CA 90402