African Discovery Group (African Discovery Group) Total Current Liabilities : $0.36 Mil (As of Aug. 2023)

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What is African Discovery Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. African Discovery Group's total current liabilities for the quarter that ended in Aug. 2023 was $0.36

African Discovery Group Total Current Liabilities Historical Data

The historical data trend for African Discovery Group'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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African Discovery Group Total Current Liabilities Chart

African Discovery Group Annual Data

Trend Dec10 Feb12 Feb13 Feb15 Feb16 Feb17

Total Current Liabilities

Get a 7-Day Free Trial 1.41 2.58 2.15 1.73 1.73

African Discovery Group Semi-Annual Data

Jun10 Dec10 Jun11 Feb12 Aug12 Feb13 Aug13 Feb15 Aug15 Feb16 Aug16 Feb17 Aug22 Aug23

Total Current Liabilities Get a 7-Day Free Trial 1.73 2.07 1.73 - 0.36

African Discovery Group Total Current Liabilities Calculation

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

African Discovery Group's Total Current Liabilities for the fiscal year that ended in Feb. 2017 is calculated as

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

= 0.627 + 0.546

+ Other Current Liabilities + Current Deferred Liabilities

= 0.00099999999999989 + 0.559

= 1.73

African Discovery Group's Total Current Liabilities for the quarter that ended in Aug. 2023 is calculated as

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

= 0.359 + 0

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 0

= 0.36

* 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

African Discovery Group Total Current Liabilities Related Terms
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African Discovery Group (African Discovery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

From GuruFocus

African Discovery Group, Inc. Announces Completion of Capital Raise
By PRNewswire PRNewswire • 02-08-2021

African Discovery Group, Inc. (AFDG) enters collaboration with Ogelle, a dedicated African Social Media Network; announces DTC eligibility
By PRNewswire PRNewswire • 02-25-2021

African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
Total Current Liabilities	Get a 7-Day Free Trial									1.73	2.07	1.73	-	0.36

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	0.627	+	0.546
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0.00099999999999989	+	0.559
	=	1.73