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Patriot Battery Metals (Patriot Battery Metals) Total Current Liabilities : $16.25 Mil (As of Dec. 2023)


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What is Patriot Battery Metals Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Patriot Battery Metals's total current liabilities for the quarter that ended in Dec. 2023 was $16.25

Patriot Battery Metals Total Current Liabilities Historical Data

The historical data trend for Patriot Battery Metals'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.

Patriot Battery Metals Total Current Liabilities Chart

Patriot Battery Metals Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.03 0.09 2.18 25.59

Patriot Battery Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.62 25.59 21.43 26.19 16.25

Patriot Battery Metals Total Current Liabilities Calculation

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

Patriot Battery Metals's Total Current Liabilities for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=4.025+0
+Other Current Liabilities+Current Deferred Liabilities
=21.564+0
=25.59

Patriot Battery Metals's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=7.686+0.022
+Other Current Liabilities+Current Deferred Liabilities
=8.546+0
=16.25

* 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

Patriot Battery Metals Total Current Liabilities Related Terms

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Patriot Battery Metals (Patriot Battery Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (OTCPK:PMETF) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
R9G:Germany PMET:Canada PMT:Australia
Address
838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6
Website
https://www.patriotbatterymetals.com
Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.