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AXEL REE (ASX:AXL) Total Current Liabilities : A$0.11 Mil (As of Dec. 2024)


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What is AXEL REE Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. AXEL REE's total current liabilities for the quarter that ended in Dec. 2024 was A$0.11

AXEL REE Total Current Liabilities Historical Data

The historical data trend for AXEL REE'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.

AXEL REE Total Current Liabilities Chart

AXEL REE Annual Data
Trend Jun24
Total Current Liabilities
10.27

AXEL REE Semi-Annual Data
Dec23 Jun24 Dec24
Total Current Liabilities 0.36 10.27 0.11

AXEL REE Total Current Liabilities Calculation

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

AXEL REE's Total Current Liabilities for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.601+0
+Other Current Liabilities+Current Deferred Liabilities
=9.669+0
=10.27

AXEL REE's Total Current Liabilities for the quarter that ended in Dec. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.114+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.11

* 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

AXEL REE Total Current Liabilities Related Terms

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AXEL REE Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AXEL REE Ltd (ASX:AXL) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
832 High Street, Kew East, VIC, AUS, 3102
Website
https://www.axelreelimited.com.au
AXEL REE Ltd is a Company engaged in the exploration and development of mineral resource opportunities, and specifically the exploration and development of Projects. The Company holds hundred percent interest in four projects situated in Brazil which includes the Caladao Project in northern Minas Gerais State, the Caldas Project bordering Sao Paulo State in southern Minas Gerais State, the Itiquira Project in Mato Grosso State, and the Corrente Project in Piaui State.