GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Southport Acquisition Corp (OTCPK:PORT) » Definitions » Total Current Liabilities

Southport Acquisition (Southport Acquisition) Total Current Liabilities : $3.53 Mil (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Southport 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. Southport Acquisition's total current liabilities for the quarter that ended in Mar. 2024 was $3.53

Southport Acquisition Total Current Liabilities Historical Data

The historical data trend for Southport 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.

* Premium members only.

Southport Acquisition Total Current Liabilities Chart

Southport Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
1.02 1.21 4.98

Southport Acquisition Quarterly Data
May21 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 1.84 200.39 4.81 4.98 3.53

Southport 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.

Southport 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
=4.98+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=4.98

Southport 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
=3.531+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=3.53

* 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

Southport Acquisition Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of Southport Acquisition's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Southport Acquisition (Southport Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Southport Acquisition Corp (OTCPK:PORT) » Definitions » Total Current Liabilities
Comparable Companies
EGGF DPCS SLAC QFTA NNAG GIA PWUP HWEL BLUA CBRG PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1745 Grand Avenue, Del Mar, CA, USA, 92014
Website
Southport Acquisition Corp is a blank check company.
Executives
Jennifer Nuckles director 234 1ST ST, SAN FRANCISCO CA 94105
Matthew Royce Hansen director C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Sigmund Anderman director ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Jeb S. Spencer director, 10 percent owner, officer: Chief Executive Officer C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Gates Cathleen Schreiner director C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Jared Walker Stone director, 10 percent owner C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Southport Acquisition Sponsor Llc 10 percent owner C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
David Mark Winfield director C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014

Southport Acquisition (Southport Acquisition) Headlines

From GuruFocus

Southport Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing January 31, 2022

By Business Wire Business Wire • 01-28-2022