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Lithium Energy (ASX:LEL) Total Current Liabilities : A$0.42 Mil (As of Dec. 2023)


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What is Lithium Energy Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Lithium Energy's total current liabilities for the quarter that ended in Dec. 2023 was A$0.42

Lithium Energy Total Current Liabilities Historical Data

The historical data trend for Lithium Energy'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.

Lithium Energy Total Current Liabilities Chart

Lithium Energy Annual Data
Trend Jun21 Jun22 Jun23
Total Current Liabilities
0.19 0.17 1.20

Lithium Energy Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial 0.11 0.17 0.80 1.20 0.42

Lithium Energy Total Current Liabilities Calculation

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

Lithium Energy'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
=1.144+0
+Other Current Liabilities+Current Deferred Liabilities
=0.052+0
=1.20

Lithium Energy'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
=0.346+0
+Other Current Liabilities+Current Deferred Liabilities
=0.076+0
=0.42

* 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

Lithium Energy Total Current Liabilities Related Terms

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Lithium Energy (ASX:LEL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Energy Ltd (ASX:LEL) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
680 Murray Street, Suite 1, Level 1, West Perth, WA, AUS, 6005
Website
https://www.lithiumenergy.com.au
Lithium Energy Ltd is a battery minerals company with two exploration and development projects, the Solaroz Lithium Project in Argentina, which comprises 12,000 hectares of prospective lithium mineral concessions, and the Burke Graphite Project in Queensland, which contains a high-grade graphite deposit and presents an opportunity to participate in the anticipated growth in demand for graphite and graphite related products. The company derives the majority of its revenue from Argentina.

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