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Gores Holdings IX (Gores Holdings IX) Total Current Liabilities : $4.08 Mil (As of Mar. 2024)


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What is Gores Holdings IX Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Gores Holdings IX's total current liabilities for the quarter that ended in Mar. 2024 was $4.08

Gores Holdings IX Total Current Liabilities Historical Data

The historical data trend for Gores Holdings IX'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.

Gores Holdings IX Total Current Liabilities Chart

Gores Holdings IX Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
0.47 0.95 3.65

Gores Holdings IX Quarterly Data
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 1.61 1.67 2.77 3.65 4.08

Gores Holdings IX Total Current Liabilities Calculation

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

Gores Holdings IX'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
=2.998+0.65
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=3.65

Gores Holdings IX'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
=3.425+0.65
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=4.08

* 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

Gores Holdings IX Total Current Liabilities Related Terms

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Gores Holdings IX (Gores Holdings IX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Holdings IX Inc (NAS:GHIX) » Definitions » Total Current Liabilities
Comparable Companies
ALCC AACT AAC DWAC SAGA HCVI TRTL CCVI SLAM CVII PBAJ SVMB SCRM LSE:ADMR NETD CXAC NFNT APGB KCGI CNDA
Traded in Other Exchanges
N/A
Address
6260 Lookout Road, Boulder, CO, USA, 80301
Website
https://www.gores.com
Gores Holdings IX Inc is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Alec E Gores director, 10 percent owner 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mark Stone officer: Chief Executive Officer 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc director, 10 percent owner 6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride officer: See Remarks 9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Randy Bort director 1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Keith Covington director 500 WEST ILLINOIS, MIDLAND TX 79701
Elizabeth Marcellino director 9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Gores Sponsor Ix Llc director, 10 percent owner 6260 LOOKOUT ROAD, BOULDER CO 80301

Gores Holdings IX (Gores Holdings IX) Headlines

From GuruFocus

Gores Holdings IX, Inc. Announces Pricing of $525 Million Initial Public Offering

By Business Wire Business Wire • 01-12-2022

Gores Holdings IX, Inc. Completes $525 Million Initial Public Offering

By Business Wire Business Wire • 01-14-2022

Gores Holdings IX, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing March 4, 2022

By Business Wire Business Wire • 03-01-2022