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LogicMark (LogicMark) Total Current Liabilities : $2.23 Mil (As of Mar. 2024)


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What is LogicMark Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. LogicMark's total current liabilities for the quarter that ended in Mar. 2024 was $2.23

LogicMark Total Current Liabilities Historical Data

The historical data trend for LogicMark'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.

LogicMark Total Current Liabilities Chart

LogicMark 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 5.67 6.47 1.34 2.41 2.05

LogicMark 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 1.27 1.29 1.93 2.05 2.23

LogicMark Total Current Liabilities Calculation

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

LogicMark'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
=1.985+0.068
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=2.05

LogicMark'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
=2.157+0.071
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=2.23

* 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

LogicMark Total Current Liabilities Related Terms

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LogicMark (LogicMark) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LogicMark Inc (NAS:LGMK) » Definitions » Total Current Liabilities
Comparable Companies
BKYI MACE SPCB BLPG IWAL WCCP DTII GDSI UUU OSTO:ASSA B TSE:9735 SZSE:002236 ALLE MSA ADT OSTO:SECU B BCO TSE:2331 SZSE:002268 BRC
Traded in Other Exchanges
0KA8:UK
Address
2801 Diode Lane, Louisville, KY, USA, 40299
Website
https://www.logicmark.com
LogicMark Inc provides personal emergency response systems (PERS), health communications devices, and IoT technologies to create a connected care platform. Its devices give people the ability to receive care at home and confidence to age in place. The company incorporates two-way voice communication technology directly into its medical alert pendant and provides this life-saving technology at a price point that everyday consumers can afford.
Executives
Carine Schneider director C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Robert Arthur Curtis director C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817
Barbara Gutierrez director 8950 E. LOWRY BLVD., DENVER CO 80230
John P Pettitt director 3031 TISCH WAY, STE 900, SAN JOSE CA 95128
Sherice Torres director PO BOX 20833, SAN JOSE CA 95160
Mark Archer officer: Chief Financial Officer C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Chia-lin Simmons director, officer: Chief Executive Officer 288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478
Michael Joseph Orlando director, officer: Chief Operating Officer 1806 145TH PL SE, MILL CREEK WA 98012
C. David Tunnell director, 10 percent owner, officer: Chief Technology Officer 1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909
Worldventures Holdings, Llc 10 percent owner 5100 TENNYSON PARKWAY, PLANO TX 75024
Wayne Tilman Nugent 10 percent owner 5100 TENNYSON PARKWAY, PLANO TX 75024
Stanley Eric Washington director 3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043
Vincent S Miceli officer: Vice President and CFO 87 GRANDVIEW AVENUE, WATERBURY CT 06708
Daniel P Sharkey director
Michael D'almada-remedios director 5610 TROON COURT, DISCOVERY BAY CA 94505-9299

LogicMark (LogicMark) Headlines

From GuruFocus

LogicMark, Inc. To Report Third Quarter 2022 Financial Results on November 10, 2022, and Provide Corporate Update

By Value_Insider Value_Insider • 11-03-2022

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LogicMark, Inc. to Adjourn Special Meeting of Stockholders

By GlobeNewswire GlobeNewswire • 03-02-2023

LogicMark, Inc. to Adjourn Special Meeting of Stockholders

By sperokesalga sperokesalga • 02-27-2023

LogicMark, Inc. to Adjourn Special Meeting of Stockholders

By sperokesalga sperokesalga • 03-02-2023

LogicMark to Participate at the Q3 Investor Summit Conference on August 17, 2022

By PurpleRose PurpleRose • 08-09-2022