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EpicQuest Education Group International (EpicQuest Education Group International) Total Current Liabilities : $6.88 Mil (As of Sep. 2023)


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What is EpicQuest Education Group International Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. EpicQuest Education Group International's total current liabilities for the quarter that ended in Sep. 2023 was $6.88

EpicQuest Education Group International Total Current Liabilities Historical Data

The historical data trend for EpicQuest Education Group International'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.

EpicQuest Education Group International Total Current Liabilities Chart

EpicQuest Education Group International Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Current Liabilities
Get a 7-Day Free Trial 8.40 6.72 8.61 6.05 6.88

EpicQuest Education Group International Semi-Annual Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 8.61 6.22 6.05 4.40 6.88

EpicQuest Education Group International Total Current Liabilities Calculation

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

EpicQuest Education Group International's Total Current Liabilities for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.263+0.559
+Other Current Liabilities+Current Deferred Liabilities
=0+4.058
=6.88

EpicQuest Education Group International's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.263+0.559
+Other Current Liabilities+Current Deferred Liabilities
=0+4.058
=6.88

* 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

EpicQuest Education Group International Total Current Liabilities Related Terms

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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EpicQuest Education Group International Ltd (NAS:EEIQ) » Definitions » Total Current Liabilities
Comparable Companies
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Traded in Other Exchanges
N/A
Address
1209 North University Boulevard, Middletown, OH, USA, 45042
Website
https://www.epicquesteducation.com
EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.