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Porch Group (Porch Group) Total Current Liabilities : $444.0 Mil (As of Mar. 2024)


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What is Porch Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Porch Group's total current liabilities for the quarter that ended in Mar. 2024 was $444.0

Porch Group Total Current Liabilities Historical Data

The historical data trend for Porch Group'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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Porch Group Total Current Liabilities Chart

Porch Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
57.46 31.73 363.12 515.64 462.15

Porch Group Quarterly Data
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 516.88 603.75 521.82 462.15 443.98

Porch Group Total Current Liabilities Calculation

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

Porch Group'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
=83.947+0.244
+Other Current Liabilities+Current Deferred Liabilities
=123.303+254.658
=462.2

Porch Group'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
=80.344+0.15
+Other Current Liabilities+Current Deferred Liabilities
=137.949+225.536
=444.0

* 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

Porch Group Total Current Liabilities Related Terms

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Porch Group (Porch Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Porch Group Inc (NAS:PRCH) » Definitions » Total Current Liabilities
Comparable Companies
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Traded in Other Exchanges
32RD:Germany
Address
411 1st Avenue South, Suite 501, Seattle, WA, USA, 98104
Website
https://porch.com
Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.
Executives
Camilla Velasquez director C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Rachel Lam director C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
Matt Ehrlichman director, 10 percent owner, officer: CEO, Chairman and Founder 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Park West Asset Management Llc 10 percent owner 1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Sean Davis Kell director 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Matthew Neagle officer: Chief Operating Officer 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Shawn Tabak officer: Chief Financial Officer 23 BERENS DRIVE, KENTFIELD CA 94904
Amanda L Reierson director C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Martin L. Heimbigner officer: Chief Financial Officer 110 - 110TH AVE., NE, SUITE 300, BELLEVUE WA 98004
Asha Sharma director 2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Maurice Tulloch director 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Thomas D Hennessy director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Regi Vengalil director 411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Javier Saade director 2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Alan R Pickerill director C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104