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Precision Optics (Precision Optics) Total Current Liabilities : $5.13 Mil (As of Mar. 2024)


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What is Precision Optics Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Precision Optics's total current liabilities for the quarter that ended in Mar. 2024 was $5.13

Precision Optics Total Current Liabilities Historical Data

The historical data trend for Precision Optics'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.

Precision Optics Total Current Liabilities Chart

Precision Optics Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.61 3.15 2.51 4.59 5.26

Precision Optics 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 6.50 5.26 5.13 4.31 5.13

Precision Optics Total Current Liabilities Calculation

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

Precision Optics's Total Current Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.36+0.725
+Other Current Liabilities+Current Deferred Liabilities
=0+1.175
=5.26

Precision Optics'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
=1.695+1.133
+Other Current Liabilities+Current Deferred Liabilities
=0.833+1.465
=5.13

* 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

Precision Optics Total Current Liabilities Related Terms

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Precision Optics (Precision Optics) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Precision Optics Corp Inc (NAS:POCI) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
22 East Broadway, Gardner, MA, USA, 01440
Website
https://www.poci.com
Precision Optics Corp Inc is engaged in designing, developing, and manufacturing advanced optical instruments. It manufactures medical products such as endoscopes and endocouplers which incorporate various optical technologies for use in a variety of minimally invasive surgical and diagnostic procedures. The company also produces endoscopes for various applications as well as designs and manufactures custom optical medical devices to satisfy customers' specific requirements. In addition, the company manufactures and sells components and assemblies specially designed for industrial and military use. The company earns the majority of its revenue from the United States.
Executives
Wayne M Coll officer: Chief Financial Officer
Mahesh Lawande officer: Chief Operating Officer 14 PUTNAM ROAD, ACTON MA 01720
Edward Kevin Dahill officer: Interim CFO 137 HOLLOW TREE RIDGE ROAD, DARIEN CT 06820
Peter V. Anania director, 10 percent owner C/O PRECISION OPTICS CORPORATION, INC., 22 EAST BROADWAY, GARDNER MA 01440
Norman H Pessin 10 percent owner C/O LEVY, HARKINS & CO., INC., 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Sandra F Pessin 10 percent owner C/O NORMAN PESSIN, 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Brian L. Pessin 10 percent owner 310 EAST 75TH STREET, APT. 2A, NEW YORK NY 10021
Jeffrey Dirubio officer: VP of Sales and Marketing 22 EAST BROADWAY, GARDNER MA 01440
Stuart Steinberg 10 percent owner 85 BELLEVUE AVENUE, RYE NY 10580
Daniel S Habhegger officer: Chief Financial Officer 22 EAST BROADWAY, GARDNER MA 01440
Divaker Mangadu officer: Pres., Ross Optical Division 22 EAST BROADWAY, GARDNER MA 01440
Hershey Strategic Capital, Lp 10 percent owner C/O HERSHEY STRATEGIC CAPITAL GP, LLC, 6 POMPANO ROAD, RUMSON NJ 07760
Peter H Woodward director 30 WEST 63RD STREET, SUITE 18G, NEW YORK NY 10023
Andrew J Miclow director C/O PRECISION OPTICS CORPORATION INC., 22 EAST BROADWAY, GARDNER MA 01440
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022