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Corazon Mining (ASX:CZN) Total Current Liabilities : A$0.17 Mil (As of Dec. 2023)


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What is Corazon Mining Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Corazon Mining's total current liabilities for the quarter that ended in Dec. 2023 was A$0.17


Corazon Mining Total Current Liabilities Historical Data

The historical data trend for Corazon Mining'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.

Corazon Mining Total Current Liabilities Chart

Corazon Mining Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.13 0.74 0.67 0.22

Corazon Mining Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.48 0.67 0.17 0.22

Corazon Mining Total Current Liabilities Calculation

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

Corazon Mining'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
=0.631+0
+Other Current Liabilities+Current Deferred Liabilities
=0.039+0
=0.67

Corazon Mining'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
=0.135+0
+Other Current Liabilities+Current Deferred Liabilities
=0.032+0
=0.17

* 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


Corazon Mining Total Current Liabilities Related Terms

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Corazon Mining Business Description

Traded in Other Exchanges
Address
33 Ord Street, Level 3, West Perth, WA, AUS, 6005
Corazon Mining Ltd explores and develops mineral resources such as nickel, copper, and gold and develops mining activities. The company's projects include the Lynn Lake Nickel-Copper-Sulphide project in Canada, the Mt Gilmore Cobalt-Copper-Gold project in Australia, and the Miriam Nickel-Copper Sulphide Project in Australia. The firm has two reportable segments based on the geographical areas of the mineral resource and exploration activities in Australia and Canada whereas it derives revenue from Australia.

Corazon Mining Headlines

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