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California Resources (California Resources) Total Current Liabilities : $594 Mil (As of Mar. 2024)


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What is California Resources Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. California Resources's total current liabilities for the quarter that ended in Mar. 2024 was $594

California Resources Total Current Liabilities Historical Data

The historical data trend for California Resources'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.

California Resources Total Current Liabilities Chart

California Resources 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 709.00 473.00 854.00 894.00 616.00

California Resources Quarterly Data
Jun19 Sep19 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 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 717.00 582.00 694.00 616.00 594.00

California Resources Total Current Liabilities Calculation

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

California Resources'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
=378+15
+Other Current Liabilities+Current Deferred Liabilities
=223+0
=616

California Resources'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
=379+19
+Other Current Liabilities+Current Deferred Liabilities
=196+0
=594

* 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

California Resources Total Current Liabilities Related Terms

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California Resources (California Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » California Resources Corp (NYSE:CRC) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
1CLD:Germany
Address
1 World Trade Center, Suite 1500, Long Beach, CA, USA, 90831
Website
https://www.crc.com
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. CRC has a large portfolio of lower-risk conventional opportunities in the following California oil and gas basins: San Joaquin, Los Angeles, Ventura, and Sacramento.
Executives
Omar Hayat officer: EVP - Operations 1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
Peralta Manuela Molina officer: EVP and CFO 1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
William B Roby director 27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Goldentree Asset Management Lp 10 percent owner 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Ares Management Llc 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Alejandra Veltmann director 1500 CITYWEST BLVD., SUITE 800, HOUSTON TX 77042
Neeman Brady Nicole Elana director 113 S. LA BREA BLVD., 3RD FLOOR, LOS ANGELES CA 90036
Christopher D. Gould officer: EVP & Chief Sustainability Off 27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Ssf Iv Energy I Aiv 2, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Assf Operating Manager Iv, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Af V Energy Iv Aiv 1a, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Af V Energy Iv Aiv 1b, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Af V Energy Iv Aiv 2, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Ssf Iv Energy I Aiv 1a, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Acof Investment Management Llc 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067

California Resources (California Resources) Headlines

From GuruFocus

CRC Recognized with Leadership Level Ranking for 2022 Climate Disclosure by CDP for the Fourth Year in a Row

By Business Wire Business Wire • 01-05-2023

U.S. EPA Releases Draft Class VI Permits to CRC's Carbon TerraVault for CO2 Injection and Storage in California

By Business Wire • 12-20-2023

California Resources Corporation Initiates Strategic Realignment of Business Operations and Corporate Structure to Maximize Cash Flow Per Share

By Business Wire Business Wire • 02-24-2023

Carbon TerraVault Provides Third Quarter 2023 Update

By Business Wire • 11-01-2023

California Resources Corporation Expecting Strong Fourth Quarter 2023 Results; Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call

By Business Wire • 01-04-2024

California Resources Corporation Schedules Second Quarter 2023 Earnings Conference Call

By Business Wire • 06-30-2023

California Resources Corporation Releases 2022 Sustainability Update Detailing Progress on Sustainability Initiatives and ESG Performance

By Business Wire • 08-17-2023

California Resources Corporation Releases 2021 Sustainability Report Detailing ESG Performance and Progress on Sustainability Initiatives

By Business Wire Business Wire • 08-10-2022

Carbon TerraVault's California DAC Hub Consortium Selected for U.S. DOE Funding to Bring Direct Air Capture and Storage to the Golden State

By Business Wire • 08-11-2023

California Resources Corporation Announces Carbon Dioxide Management Agreement For CTV's First Permanent Carbon Storage Project

By Business Wire Business Wire • 12-07-2022