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ChemX Materials (ASX:CMX) Total Current Liabilities : A$2.92 Mil (As of Jun. 2024)


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What is ChemX Materials Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. ChemX Materials's total current liabilities for the quarter that ended in Jun. 2024 was A$2.92

ChemX Materials Total Current Liabilities Historical Data

The historical data trend for ChemX Materials'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.

ChemX Materials Total Current Liabilities Chart

ChemX Materials Annual Data
Trend Jun22 Jun23 Jun24
Total Current Liabilities
0.29 0.83 2.92

ChemX Materials Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Total Current Liabilities 0.29 0.61 0.83 1.99 2.92

ChemX Materials Total Current Liabilities Calculation

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

ChemX Materials'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
=0.848+2.007
+Other Current Liabilities+Current Deferred Liabilities
=0.067+0
=2.92

ChemX Materials's Total Current Liabilities for the quarter that ended in Jun. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.848+2.007
+Other Current Liabilities+Current Deferred Liabilities
=0.067+0
=2.92

* 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

ChemX Materials Total Current Liabilities Related Terms

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ChemX Materials Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ChemX Materials Ltd (ASX:CMX) » Definitions » Total Current Liabilities
Comparable Companies
ASX:ZMM ASX:RFT ASX:EGY SZSE:300750 XSWX:ABBN XKRX:373220 VRT BKK:DELTA HAM:OSR TSE:6503 XPAR:LR HUBB SZSE:300124 MIL:PRY SZSE:300274 TSE:5803 SHSE:603195 NVT SZSE:300014 XKRX:267260
Traded in Other Exchanges
N/A
Address
3 Flindell Street, O'Connor, WA, AUS, 6163
Website
https://www.chemxmaterials.com.au
ChemX Materials Ltd is an advanced materials technology company. It has developed a process to produce High Purity Alumina a critical input for battery technology. Its other project include Eyre Peninsula Projects. It has one reportable segment which is mining exploration and the development of its propriety High Purity Alumina technology within Australia.

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