Montego Resources (XCNQ:MY) Total Current Liabilities

: C$1.70 Mil (As of Dec. 2023)

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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Montego Resources's total current liabilities for the quarter that ended in Dec. 2023 was C$1.70

Montego Resources Total Current Liabilities Historical Data

The historical data trend for Montego 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.

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Montego Resources Annual Data

Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23

Total Current Liabilities

1.85 0.99 1.09 1.34 1.72

Montego Resources Quarterly Data

Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23

Total Current Liabilities 1.59 1.64 1.72 1.76 1.70

Montego 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.

Montego Resources's Total Current Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

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

= 0.872 + 0.85

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 0

= 1.72

Montego Resources's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

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

= 0.824 + 0.873

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 0

= 1.70

* 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

Montego Resources Total Current Liabilities Related Terms
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Montego Resources (XCNQ:MY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Montego Resources Inc (XCNQ:MY) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

4MO:Germany

Address

400-837 West Hastings Street, Vancouver, BC, CAN, V6C 3N6

Website

https://www.montegoresources.ca

Montego Resources Inc is a junior mineral exploration company engaged in the business of acquiring, exploring, and evaluating natural resource properties. It is currently focused on conducting an exploration program on the Taylor Silver Property, Orogrande Gold Project, and the Black Dog Property.

Montego Resources (XCNQ:MY) Headlines

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Montego Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Liabilities																1.59	1.64	1.72	1.76	1.70

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	0.872	+	0.85
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0	+	0
	=	1.72