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ProFrac Holding (ProFrac Holding) Total Current Liabilities : $624 Mil (As of Mar. 2024)


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What is ProFrac Holding Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. ProFrac Holding's total current liabilities for the quarter that ended in Mar. 2024 was $624

ProFrac Holding Total Current Liabilities Historical Data

The historical data trend for ProFrac Holding'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.

ProFrac Holding Total Current Liabilities Chart

ProFrac Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
140.24 246.70 683.90 648.90

ProFrac Holding Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 935.10 837.80 703.60 648.90 623.60

ProFrac Holding Total Current Liabilities Calculation

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

ProFrac Holding'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
=412+150.9
+Other Current Liabilities+Current Deferred Liabilities
=35.2+50.8
=649

ProFrac Holding'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
=376.8+156
+Other Current Liabilities+Current Deferred Liabilities
=51.9+38.9
=624

* 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

ProFrac Holding Total Current Liabilities Related Terms

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ProFrac Holding (ProFrac Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProFrac Holding Corp (NAS:ACDC) » Definitions » Total Current Liabilities
Comparable Companies
HLX KGS XPRO DNOW PUMP RES AESI CLB SLCA MRC SLB HAL BKR MIL:TEN FTI SHSE:601808 NOV WFRD CHX ASX:WOR
Traded in Other Exchanges
N/A
Address
333 Shops Boulevard, Suite 301, Willow Park, TX, USA, 76087
Website
https://www.profrac.com
ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are primarily focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.
Executives
Thrc Holdings, Lp director, 10 percent owner, other: Director by Deputization 17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks director, 10 percent owner, other: Director by Deputization 17018 INTERSTATE 20, CISCO TX 76437
Heather N Klein officer: Chief Administrative Officer C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Robert J Willette officer: Chief Legal Officer, Secretary 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew Wilks director, officer: See Remarks 17010 IH-20, CISCO TX 76437
Johnathan Ladd Wilks officer: Chief Executive Officer 17010 INTERSTATE 20, CISCO TX 76437
Phillip Blaine Wilbanks officer: Chief Operating Officer 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew A Greenwood officer: Chief Commercial Officer C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Sergei Krylov director 6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116
Stacy Durbin Nieuwoudt director 20475 SH 249, SUITE 300, HOUSTON TX 77070
Gerald W Haddock director C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Theresa Glebocki director C/O TROPICANA ENTERTAINMENT INC., 8345 W. SUNSET ROAD, SUITE 200, LAS VEGAS NV 89113
Jo Ann Wilks director, 10 percent owner, other: Director by Deputization 17018 IH-20, CISCO TX 76437
Farris & Jo Ann Wilks 2022 Family Trust director, 10 percent owner, other: Director by Deputization 17018 IH-20, CISCO TX 76437
Randle James Coy Jr officer: Chief Operating Officer PO BOX 1966, PALESTINE TX 75802