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Monterey Capital Acquisition (Monterey Capital Acquisition) Total Current Liabilities : $8.91 Mil (As of Mar. 2024)


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What is Monterey Capital Acquisition Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Monterey Capital Acquisition's total current liabilities for the quarter that ended in Mar. 2024 was $8.91

Monterey Capital Acquisition Total Current Liabilities Historical Data

The historical data trend for Monterey Capital Acquisition'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.

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Monterey Capital Acquisition Total Current Liabilities Chart

Monterey Capital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
0.33 2.06 6.92

Monterey Capital Acquisition Quarterly Data
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 2.88 4.58 6.13 6.92 8.91

Monterey Capital Acquisition Total Current Liabilities Calculation

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

Monterey Capital Acquisition'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
=3.24+1.184
+Other Current Liabilities+Current Deferred Liabilities
=-8.8817841970013E-16+2.491
=6.92

Monterey Capital Acquisition'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
=3.878+1.564
+Other Current Liabilities+Current Deferred Liabilities
=0+3.469
=8.91

* 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

Monterey Capital Acquisition Total Current Liabilities Related Terms

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Monterey Capital Acquisition (Monterey Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monterey Capital Acquisition Corp (NAS:MCAC) » Definitions » Total Current Liabilities
Comparable Companies
GATE FIAC GPAC OPA TBCP BMAC NSTB DSAQ NPAB ZLS PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
419 Webster Street, Monterey, CA, USA, 93940
Website
Monterey Capital Acquisition Corp is a blank check company.
Executives
Stephen Markscheid director C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618
Vivek K. Soni director, officer: Executive VP and Director 419 WEBSTER STREET, MONTEREY CA 93940
Kathleen C Cuocolo director 731 LEXINGTON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Monterey Acquisition Sponsor, Llc 10 percent owner 419 WEBSTER STREET, MONTEREY CA 93940
Leela Gray director 419 WEBSTER STREET, MONTEREY CA 93940
Bala Padmakumar director, 10 percent owner, officer: Chief Executive Officer 419 WEBSTER STREET, MONTEREY CA 93940
Daniel R Davis officer: Chief Financial Officer 419 WEBSTER STREET, MONTEREY CA 93940