Detour Gold (Detour Gold) Total Current Liabilities : $130.5 Mil (As of Sep. 2019)

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What is Detour Gold Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Detour Gold's total current liabilities for the quarter that ended in Sep. 2019 was $130.5

Detour Gold Total Current Liabilities Historical Data

The historical data trend for Detour Gold'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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Detour Gold Total Current Liabilities Chart

Detour Gold Annual Data

Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18

Total Current Liabilities

Get a 7-Day Free Trial 104.83 61.08 391.90 71.40 63.70

Detour Gold Quarterly Data

Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19

Total Current Liabilities Get a 7-Day Free Trial 93.50 63.70 67.10 112.60 130.50

Detour Gold Total Current Liabilities Calculation

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

Detour Gold's Total Current Liabilities for the fiscal year that ended in Dec. 2018 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 50.8 + 0

+ Other Current Liabilities + Current Deferred Liabilities

= 12.9 + 0

= 63.7

Detour Gold's Total Current Liabilities for the quarter that ended in Sep. 2019 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 101.2 + 1.9

+ Other Current Liabilities + Current Deferred Liabilities

= 27.4 + 0

= 130.5

* 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

Detour Gold Total Current Liabilities Related Terms
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Detour Gold (Detour Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Detour Gold Corp (OTCPK:DRGDF) » Definitions » Total Current Liabilities

Comparable Companies

TSX:NG ASX:SAR TSX:AGI TSX:SSRM LSE:CEY TSX:CG TSX:EDV SHSE:600988 HKSE:01818 TSX:LUG JSE:HAR IST:KOZAL SHSE:600489 TSX:YRI HL TSX:OR TSX:ELD TSX:ASR ASX:RRL SHSE:601069

Traded in Other Exchanges

N/A

Address

199 Bay Street, Suite 4100, PO Box 121, Commerce Court West, Toronto, ON, CAN, M5L 1E2

Website

http://www.detourgold.com

Detour Gold Corp is a Canada-based intermediate gold miner. The company's primary investment is its 100% interest in the Detour Lake mine, a long-life large-scale open pit mine in northeastern Ontario, roughly 300 kilometers northeast of Timmins and 185 kilometers northeast of Cochrane. The Detour Lake mine is an open-pit operation consisting of a contiguous block of mining claims and leases totaling about 625 square kilometers in the District of Cochrane and is one of the largest gold-producing mines in Canada.

Detour Gold (Detour Gold) Headlines

From GuruFocus

First Eagle Gold Fund Comments on Detour Gold
By Sydnee Gatewood Sydnee Gatewood • 01-31-2020

DETOUR GOLD ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of DRGDF and Encourages Investors to Contact the Firm
By PRNewswire PRNewswire • 11-25-2019

Gabelli Funds Comments on Detour Gold
By Holly LaFon Holly LaFon • 11-17-2016

Detour Gold Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Total Current Liabilities	Get a 7-Day Free Trial															93.50	63.70	67.10	112.60	130.50

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	50.8	+	0
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	12.9	+	0
	=	63.7