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Borealis Foods (Borealis Foods) Total Current Liabilities : $7.49 Mil (As of Dec. 2023)


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What is Borealis Foods Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Borealis Foods's total current liabilities for the quarter that ended in Dec. 2023 was $7.49

Borealis Foods Total Current Liabilities Historical Data

The historical data trend for Borealis Foods'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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Borealis Foods Total Current Liabilities Chart

Borealis Foods Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
17.38 2.50 7.49

Borealis Foods Semi-Annual Data
Dec21 Dec22 Dec23
Total Current Liabilities 17.38 2.50 7.49

Borealis Foods Total Current Liabilities Calculation

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

Borealis Foods'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
=3.499+3.988
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=7.49

Borealis Foods'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
=3.499+3.988
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=7.49

* 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

Borealis Foods Total Current Liabilities Related Terms

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Borealis Foods (Borealis Foods) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Total Current Liabilities
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Address
1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5
Website
https://www.borealisfoods.com
Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

Borealis Foods (Borealis Foods) Headlines

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