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Franchise Group (Franchise Group) Total Current Liabilities : $976 Mil (As of Jun. 2023)


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What is Franchise Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Franchise Group's total current liabilities for the quarter that ended in Jun. 2023 was $976

Franchise Group Total Current Liabilities Historical Data

The historical data trend for Franchise Group'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.

Franchise Group Total Current Liabilities Chart

Franchise Group Annual Data
Trend Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Dec20 Dec21 Dec22
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.07 48.19 549.22 1,120.66 943.91

Franchise Group Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 968.04 1,010.82 943.91 1,060.53 975.96

Franchise Group Total Current Liabilities Calculation

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

Franchise Group's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=376.895+526.475
+Other Current Liabilities+Current Deferred Liabilities
=40.541+0
=944

Franchise Group's Total Current Liabilities for the quarter that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=407.543+533.586
+Other Current Liabilities+Current Deferred Liabilities
=34.827+0
=976

* 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

Franchise Group Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of Franchise Group's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Franchise Group (Franchise Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Franchise Group Inc (NAS:FRG) » Definitions » Total Current Liabilities
Comparable Companies
SBH ODP ARKO SSU EYE HZO WINA BBBY EVGO FLWS SHSE:601888 TSX:ATD ORLY AZO TSCO ULTA GPC BBY ADX:ADNOCDIST TSE:9843
Traded in Other Exchanges
N/A
Address
109 Innovation Court, Suite J, Delaware, OH, USA, 43015
Website
https://www.franchisegrp.com
Franchise Group Inc is a personal services company that provides retail federal and state income tax preparation services and related tax settlement products. The vast majority of these offices operate in the United States under the Liberty Tax Service and SiempreTax+ brand names. Liberty Tax also provides online do-it-yourself tax programs within the U.S. The sale of financial products and tax preparation service fees also contribute to sizable percentages of the company's total income. Liberty Tax also operates a smaller portfolio of wholly-owned company offices. The company's reportable segments are Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's and Sylvan.
Executives
Daniel Meitner Ondeck 10 percent owner 13301 BEALL CREEK CT., POTOMAC MD 20854
Richard W Riley 10 percent owner B RILEY AND CO, 11100 SANTA MONICA BLVD STE 800, LOS ANGELES CA 90025
Bryant R Riley director, 10 percent owner C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Kelleher Thomas J /adv 10 percent owner C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Randall E Paulson 10 percent owner
Nanhi Singh director 109 INNOVATION COURT, SUITE J, DELAWARE OH 43015
Gary S Rich director C/O THE READER'S DIGEST ASSOCIATION, READER'S DIGEST ROAD, PLEASANTVILLE NY 10570
Brian Randall Kahn director, 10 percent owner, officer: Chief Executive Officer 5506 WORSHAM COURT, WINDERMERE FL 34786
Patrick A Cozza director C/O HSBC INSURANCE, 545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Lee A. Wright officer: Chief Commercial Officer C/O DIAMOND CASTLE HOLDINGS, LLC, 280 PARK AVENUE, 25TH FLOOR, EAST TOWER, NEW YORK NY 10017
Andrew M Laurence director C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606
Cynthia S Dubin director 1200 E. MARKET STREET, SUITE 650, AKRON OH 44305
Lisa M Fairfax director 2387 LIBERTY WAY, VIRGINIA BEACH VA 23456
Vintage Capital Management Llc director, 10 percent owner, officer: Chief Executive Officer 4705 S APOPKA VINELAND ROAD SUITE 210, ORLANDO FL 32819
B. Riley Financial, Inc. 10 percent owner 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025

Franchise Group (Franchise Group) Headlines

From GuruFocus

Franchise Group, Inc. Announces Redemption of 7.50% Series A Cumulative Perpetual Preferred Stock

By GlobeNewswire • 07-19-2023

Franchise Group Stockholders Approve Proposed Acquisition by Consortium Led by Management Group

By Marketwired • 08-17-2023

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MGTA, FRG, EMAN

By PRNewswire • 08-08-2023

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Franchise Group, Inc. - FRG

By PRNewswire • 06-24-2023

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Franchise Group, Inc. and Encourages Investors with Losses to Contact the Firm

By ACCESSWIRE • 07-04-2023

FRG Securities Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Claims on Behalf of Franchise Group, Inc. (NASDAQ: FRG) Current Shareholders

By sperokesalga sperokesalga • 06-09-2023

FRANCHISE GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Franchise Group, Inc. - FRG

By Business Wire • 07-21-2023

FRG, FRGAP LOSS ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Franchise Group, Inc. Investors with Losses in Excess of $100K to Inquire About Securities Class Action Investigation -- FRG, FRGAP

By Marketwired • 06-28-2023

JACK HARLOW'S PHOCUS AND THE VITAMIN SHOPPE EXPAND PARTNERSHIP WITH EXCLUSIVE, SPECIAL EDITION FLAVOR DROP

By PRNewswire • 08-07-2023

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Franchise Group, Inc. - FRG

By PRNewswire PRNewswire • 06-16-2023