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Atlas Iron (Atlas Iron) Total Current Liabilities : $53.9 Mil (As of Dec. 2017)


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What is Atlas Iron Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Atlas Iron's total current liabilities for the quarter that ended in Dec. 2017 was $53.9


Atlas Iron Total Current Liabilities Historical Data

The historical data trend for Atlas Iron'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.

Atlas Iron Total Current Liabilities Chart

Atlas Iron Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 190.30 206.83 94.82 60.26 60.47

Atlas Iron Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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 Premium Member Only Premium Member Only 91.96 60.26 131.38 60.47 53.86

Atlas Iron Total Current Liabilities Calculation

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

Atlas Iron's Total Current Liabilities for the fiscal year that ended in Jun. 2017 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=49.961+2.099
+Other Current Liabilities+Current Deferred Liabilities
=8.409+0
=60.5

Atlas Iron's Total Current Liabilities for the quarter that ended in Dec. 2017 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=45.306+2.138
+Other Current Liabilities+Current Deferred Liabilities
=6.417+0
=53.9

* 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


Atlas Iron Total Current Liabilities Related Terms

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Atlas Iron (Atlas Iron) Business Description

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Atlas Iron Ltd is an Australian based mining company. The company is engaged in exploration, development, mining, and sale of iron ore. It is mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Its products include Atlas fines, Atlas lump, and Value fines.

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