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Silver Scott Mines (Silver Scott Mines) Total Current Liabilities : $0.05 Mil (As of Sep. 2023)


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What is Silver Scott Mines Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Silver Scott Mines's total current liabilities for the quarter that ended in Sep. 2023 was $0.05

Silver Scott Mines Total Current Liabilities Historical Data

The historical data trend for Silver Scott Mines'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.

Silver Scott Mines Total Current Liabilities Chart

Silver Scott Mines Annual Data
Trend
Total Current Liabilities

Silver Scott Mines Semi-Annual Data
Sep22 Sep23
Total Current Liabilities - 0.05

Silver Scott Mines Total Current Liabilities Calculation

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

Silver Scott Mines's Total Current Liabilities for the fiscal year that ended in . 20 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=+
+Other Current Liabilities+Current Deferred Liabilities
=+
=0.00

Silver Scott Mines's Total Current Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.022+0.032
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.05

* 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

Silver Scott Mines Total Current Liabilities Related Terms

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Silver Scott Mines (Silver Scott Mines) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Scott Mines Inc (OTCPK:SILS) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
8296 Portofino Drive, Unit 205, Championsgate, FL, USA, 33896
Website
http://www.silverscottmines.com
Silver Scott Mines Inc is a holding company owning assets in the digital currency, DeFI, blockchain, and Web3.0 verticals. It uses a subscription based model to offer online cryptocurrency education and mentoring services through its Dr. Crypto Pro membership program.

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