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Veltex (Veltex) Total Current Liabilities : $2.81 Mil (As of Mar. 2024)


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What is Veltex Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Veltex's total current liabilities for the quarter that ended in Mar. 2024 was $2.81

Veltex Total Current Liabilities Historical Data

The historical data trend for Veltex'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.

Veltex Total Current Liabilities Chart

Veltex Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
0.83 1.53 2.55

Veltex Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
Total Current Liabilities Get a 7-Day Free Trial 1.53 1.89 2.14 2.55 2.81

Veltex Total Current Liabilities Calculation

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

Veltex'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
=0.214+2.185
+Other Current Liabilities+Current Deferred Liabilities
=0+0.154
=2.55

Veltex'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
=0.242+2.343
+Other Current Liabilities+Current Deferred Liabilities
=0+0.225
=2.81

* 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

Veltex Total Current Liabilities Related Terms

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Veltex (Veltex) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602
Website
https://www.veltex.com
Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.