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Fortitude Gold (Fortitude Gold) Total Current Liabilities : $5.82 Mil (As of Mar. 2024)


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What is Fortitude 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. Fortitude Gold's total current liabilities for the quarter that ended in Mar. 2024 was $5.82

Fortitude Gold Total Current Liabilities Historical Data

The historical data trend for Fortitude 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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Fortitude Gold Total Current Liabilities Chart

Fortitude Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
14.30 11.07 5.31 9.53 7.95

Fortitude Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.88 8.16 7.37 7.95 5.82

Fortitude 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.

Fortitude Gold'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
=7.323+0.631
+Other Current Liabilities+Current Deferred Liabilities
=-8.8817841970013E-16+0
=7.95

Fortitude Gold'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
=5.82+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=5.82

* 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

Fortitude Gold Total Current Liabilities Related Terms

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Fortitude Gold (Fortitude Gold) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortitude Gold Corp (OTCPK:FTCO) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
2886 Carriage Manor Point, Colorado Springs, CO, USA, 80906
Website
https://www.fortitudegold.com
Fortitude Gold Corp is a mineral exploration and evaluation company. It primarily explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.