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PlasCred Circular Innovations (PlasCred Circular Innovations) Total Current Liabilities : $1.79 Mil (As of Jun. 2023)


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What is PlasCred Circular Innovations Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. PlasCred Circular Innovations's total current liabilities for the quarter that ended in Jun. 2023 was $1.79

PlasCred Circular Innovations Total Current Liabilities Historical Data

The historical data trend for PlasCred Circular Innovations'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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PlasCred Circular Innovations Total Current Liabilities Chart

PlasCred Circular Innovations Annual Data
Trend Dec22 Dec23
Total Current Liabilities
0.82 0.99

PlasCred Circular Innovations Quarterly Data
Jun22 Mar23 Jun23 Dec23
Total Current Liabilities - 1.45 1.79 0.99

PlasCred Circular Innovations Total Current Liabilities Calculation

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

PlasCred Circular Innovations'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
=0.983+0.001
+Other Current Liabilities+Current Deferred Liabilities
=0.001+0
=0.99

PlasCred Circular Innovations'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
=0.361+1.432
+Other Current Liabilities+Current Deferred Liabilities
=0.0010000000000001+0
=1.79

* 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

PlasCred Circular Innovations Total Current Liabilities Related Terms

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PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Total Current Liabilities
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Address
810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2
Website
https://www.plascred.com
PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

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