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Megado Minerals (ASX:MEG) Total Current Liabilities : A$0.02 Mil (As of Jun. 2024)


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What is Megado Minerals Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Megado Minerals's total current liabilities for the quarter that ended in Jun. 2024 was A$0.02

Megado Minerals Total Current Liabilities Historical Data

The historical data trend for Megado Minerals'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.

Megado Minerals Total Current Liabilities Chart

Megado Minerals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
0.36 0.17 0.24 0.05

Megado Minerals Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Current Liabilities Get a 7-Day Free Trial 0.56 0.24 0.05 0.05 0.02

Megado Minerals Total Current Liabilities Calculation

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

Megado Minerals's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.047+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.05

Megado Minerals'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
=0.017+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.02

* 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

Megado Minerals Total Current Liabilities Related Terms

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Megado Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Megado Minerals Ltd (ASX:MEG) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
197 St Georges Terrace, Level 12, Perth, WA, AUS, 6000
Website
https://www.megadominerals.com
Megado Minerals Ltd is an exploration company focused on critical minerals in North America. The company's project portfolio includes North Fork Rare Earth Project. The North Fork Project is located north-west of Salmon in the Salmon Challis National Forest, Lemhi County, Idaho. The group operates in one industry being the exploration of critical minerals. The geographical areas that the entity operates in are Australia, USA and Ethiopia.