Torque Lifestyle Brands Inc
Torque Lifestyle Brands, Inc. develops, manufactures, and markets nutritional supplements for the sports industry in the United States. The company was formerly known as Commodore International Corp. and changed its name to Torque Lifestyle Brands, Inc. in August 2020. The company is headquartered in Wheat Ridge, Colorado.
Torque Lifestyle Brands Inc (TQLB) - Total Liabilities
Latest total liabilities as of September 2024: $24.03K USD
Based on the latest financial reports, Torque Lifestyle Brands Inc (TQLB) has total liabilities worth $24.03K USD as of September 2024.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Torque Lifestyle Brands Inc - Total Liabilities Trend (2018–2023)
This chart illustrates how Torque Lifestyle Brands Inc's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Torque Lifestyle Brands Inc Competitors by Total Liabilities
The table below lists competitors of Torque Lifestyle Brands Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Aerius International Inc
PINK:AERS
|
USA | $66.96K |
|
Aberdeen Diversified Income and Growth Trust PLC
LSE:ADIG
|
UK | GBX4.92 Million |
|
Victory Marine Holdings Corp
PINK:VMHG
|
USA | $3.03 Million |
|
AVVAA World Health Care Products Inc
PINK:AVVH
|
USA | $284.27K |
|
JNS Holdings Corp
PINK:JNSH
|
USA | $203.74K |
|
Revolution Technologies Inc
PINK:RVLTF
|
USA | $374.67K |
|
VDM GROUP
BE:V5M
|
Germany | €17.36 Million |
Liability Composition Analysis (2018–2023)
This chart breaks down Torque Lifestyle Brands Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 1.23 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 4.38 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.81 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Torque Lifestyle Brands Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Torque Lifestyle Brands Inc (2018–2023)
The table below shows the annual total liabilities of Torque Lifestyle Brands Inc from 2018 to 2023.
| Year | Total Liabilities | Change |
|---|---|---|
| 2023-12-31 | $12.76K | -94.42% |
| 2022-12-31 | $228.65K | -75.89% |
| 2021-12-31 | $948.33K | +1818.10% |
| 2018-12-31 | $49.44K | -- |