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Great Divide Mining (ASX:GDM) Total Current Liabilities : A$0.58 Mil (As of Dec. 2023)


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What is Great Divide 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. Great Divide Mining's total current liabilities for the quarter that ended in Dec. 2023 was A$0.58

Great Divide Mining Total Current Liabilities Historical Data

The historical data trend for Great Divide 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.

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Great Divide Mining Total Current Liabilities Chart

Great Divide Mining Annual Data
Trend Jun23 Jun24
Total Current Liabilities
1.33 0.27

Great Divide Mining Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Total Current Liabilities 0.76 1.33 0.58 0.27

Great Divide 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.

Great Divide Mining'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
=0.22+0.021
+Other Current Liabilities+Current Deferred Liabilities
=0.024+0
=0.27

Great Divide 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
=0.543+0.02
+Other Current Liabilities+Current Deferred Liabilities
=0.017+0
=0.58

* 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

Great Divide Mining Total Current Liabilities Related Terms

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Great Divide Mining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Divide Mining Ltd (ASX:GDM) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
127 Creek Street, Level 12, Brisbane, QLD, AUS, 4000
Website
https://www.greatdividemining.com.au
Great Divide Mining Ltd is a mineral exploration company. It focuses on the exploration and development of its projects for Gold, Antimony, and Copper, with Lithium and Rare Earth Metals.

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