Magnetite Mines (ASX:MGT) Total Liabilities : A$1.30 Mil (As of Dec. 2023)

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What is Magnetite Mines Total Liabilities?

Magnetite Mines's Total Liabilities for the quarter that ended in Dec. 2023 was A$1.30 Mil.

Magnetite Mines's quarterly Total Liabilities increased from Dec. 2022 (A$3.20 Mil) to Jun. 2023 (A$3.66 Mil) but then declined from Jun. 2023 (A$3.66 Mil) to Dec. 2023 (A$1.30 Mil).

Magnetite Mines's annual Total Liabilities increased from Jun. 2021 (A$2.81 Mil) to Jun. 2022 (A$6.44 Mil) but then declined from Jun. 2022 (A$6.44 Mil) to Jun. 2023 (A$3.66 Mil).

Magnetite Mines Total Liabilities Historical Data

The historical data trend for Magnetite Mines's Total 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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Magnetite Mines Total Liabilities Chart

Magnetite Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Liabilities

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2.76

2.29

2.81

6.44

3.66

Magnetite Mines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Liabilities	Get a 7-Day Free Trial															3.80	6.44	3.20	3.66	1.30

Magnetite Mines Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Magnetite Mines's Total Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	3.526	+	(0.135	+	2.2204460492503E-16
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	3.66

Total Liabilities	=	Total Assets (A: Jun. 2023 )	-	Total Equity (A: Jun. 2023 )
	=	38.971	-	35.31
	=	3.66

Magnetite Mines's Total Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1.24	+	(0.055	+	-6.2450045135165E-17
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	1.30

Total Liabilities	=	Total Assets (Q: Dec. 2023 )	-	Total Equity (Q: Dec. 2023 )
	=	40.219	-	38.924
	=	1.30

Magnetite Mines Total Liabilities Related Terms

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Magnetite Mines (ASX:MGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnetite Mines Ltd (ASX:MGT) » Definitions » Total Liabilities

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Traded in Other Exchanges

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Address

30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.magnetitemines.com

Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The Group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include Muster Dam Iron Ore Project and Global Drivers For High-Grade Iron Ore project.

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