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BEACN Wizardry & Magic (TSXV:BECN) Total Current Liabilities : C$0.26 Mil (As of Sep. 2023)


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What is BEACN Wizardry & Magic Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. BEACN Wizardry & Magic's total current liabilities for the quarter that ended in Sep. 2023 was C$0.26

BEACN Wizardry & Magic Total Current Liabilities Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic Total Current Liabilities Chart

BEACN Wizardry & Magic Annual Data
Trend Dec20 Dec21 Dec22
Total Current Liabilities
0.03 0.31 0.69

BEACN Wizardry & Magic Quarterly Data
Nov20 Feb21 May21 Aug21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.69 0.48 0.45 0.26

BEACN Wizardry & Magic Total Current Liabilities Calculation

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

BEACN Wizardry & Magic's Total Current Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.421+0.268
+Other Current Liabilities+Current Deferred Liabilities
=-1.1102230246252E-16+0
=0.69

BEACN Wizardry & Magic'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
=0.252+0.006
+Other Current Liabilities+Current Deferred Liabilities
=0.001+0
=0.26

* 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

BEACN Wizardry & Magic Total Current Liabilities Related Terms

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BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » Total Current Liabilities
Comparable Companies
TSXV:HAPB TSXV:CEBI TSX:DBO AAPL XKRX:005930 TSE:6758 HKSE:01810 TSE:6752 XKRX:066570 XKRX:003550 SZSE:002241 SHSE:603296 SZSE:300866 SHSE:600060 TSE:6753 BOM:540699 SZSE:000050 XKRX:034220 SZSE:002056 SZSE:300735
Traded in Other Exchanges
N/A
Address
3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9
Website
BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.
Executives
Craig David Fraser Director, Senior Officer