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Prospect Ridge Resources (XCNQ:PRR) Total Current Liabilities : C$0.22 Mil (As of Feb. 2024)


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What is Prospect Ridge Resources Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Prospect Ridge Resources's total current liabilities for the quarter that ended in Feb. 2024 was C$0.22

Prospect Ridge Resources Total Current Liabilities Historical Data

The historical data trend for Prospect Ridge Resources'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.

Prospect Ridge Resources Total Current Liabilities Chart

Prospect Ridge Resources Annual Data
Trend Aug20 Aug21 Aug22 Aug23
Total Current Liabilities
0.04 0.49 0.41 0.39

Prospect Ridge Resources Quarterly Data
Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 Aug23 Nov23 Feb24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.14 0.39 0.18 0.22

Prospect Ridge Resources Total Current Liabilities Calculation

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

Prospect Ridge Resources's Total Current Liabilities for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.28+0.11
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.39

Prospect Ridge Resources's Total Current Liabilities for the quarter that ended in Feb. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.127+0.088
+Other Current Liabilities+Current Deferred Liabilities
=0.001+0
=0.22

* 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

Prospect Ridge Resources Total Current Liabilities Related Terms

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Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
PRRSF:USA
Address
1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.prospectridgeresources.com
Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.
Executives
Michael Alexander Iverson Director, Senior Officer
Yan Ducharme Senior Officer

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