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Golden Spike Resources (XCNQ:GLDS) Total Current Liabilities : C$0.01 Mil (As of Feb. 2024)


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What is Golden Spike 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. Golden Spike Resources's total current liabilities for the quarter that ended in Feb. 2024 was C$0.01

Golden Spike Resources Total Current Liabilities Historical Data

The historical data trend for Golden Spike 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.

Golden Spike Resources Total Current Liabilities Chart

Golden Spike Resources Annual Data
Trend Aug20 Aug21 Aug22 Aug23
Total Current Liabilities
0.05 0.11 0.16 0.06

Golden Spike 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 0.02 0.01 0.06 0.08 0.01

Golden Spike 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.

Golden Spike 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
=0.061+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.06

Golden Spike 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
=0.006+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.01

* 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

Golden Spike Resources Total Current Liabilities Related Terms

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Golden Spike Resources (XCNQ:GLDS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Spike Resources Corp (XCNQ:GLDS) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
GSPRF:USA
Address
830 - 1100 Melville Street, Vancouver, BC, CAN, V6E 4A6
Website
https://www.goldenspikeresources.com
Golden Spike Resources Corp is a mineral exploration company and its principal business is the acquisition and exploration of mineral properties with a focus on Canada. The company's property is the Camping Lake Project, consisting of five contiguous mineral claims covering an area of approximately 2,132.4 Ha northwest of Ear Falls in the Province of Ontario.

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