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Ocean Harvest Technology Group (LSE:OHT) Total Current Liabilities : £0.50 Mil (As of Jun. 2024)


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What is Ocean Harvest Technology 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. Ocean Harvest Technology Group's total current liabilities for the quarter that ended in Jun. 2024 was £0.50

Ocean Harvest Technology Group Total Current Liabilities Historical Data

The historical data trend for Ocean Harvest Technology 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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Ocean Harvest Technology Group Total Current Liabilities Chart

Ocean Harvest Technology Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
0.64 0.60 2.87 0.37

Ocean Harvest Technology Group Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Current Liabilities Get a 7-Day Free Trial - 2.87 0.48 0.37 0.50

Ocean Harvest Technology 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.

Ocean Harvest Technology 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
=0.177+0.041
+Other Current Liabilities+Current Deferred Liabilities
=0.147+0
=0.37

Ocean Harvest Technology Group's Total Current Liabilities for the quarter that ended in Jun. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.404+0.101
+Other Current Liabilities+Current Deferred Liabilities
=-0.002+0
=0.50

* 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

Ocean Harvest Technology Group Total Current Liabilities Related Terms

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Ocean Harvest Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean Harvest Technology Group PLC (LSE:OHT) » Definitions » Total Current Liabilities
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LSE:ZAM LSE:SIS LSE:UKR LSE:ANP XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF MEX:BIMBOA HRL K MKC SGX:F34 SAU:2280
Traded in Other Exchanges
N/A
Address
41 London Road, Castle Court, Reigate, GBR, RH2 9RJ
Website
https://www.oceanharvesttechnology.com
Ocean Harvest Technology Group PLC is a commercial-scale producer of seaweed blend ingredients for the animal feed market. It produces seaweed blend ingredients for animal feed under the brand name OceanFeed feed ingredients for multiple species of animals.

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