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Oceana Lithium (ASX:OCN) Total Current Liabilities : A$0.36 Mil (As of Dec. 2023)


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What is Oceana Lithium Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Oceana Lithium's total current liabilities for the quarter that ended in Dec. 2023 was A$0.36

Oceana Lithium Total Current Liabilities Historical Data

The historical data trend for Oceana Lithium'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.

Oceana Lithium Total Current Liabilities Chart

Oceana Lithium Annual Data
Trend Dec21 Jun23 Jun24
Total Current Liabilities
0.06 0.35 0.29

Oceana Lithium Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Total Current Liabilities 0.30 0.35 0.36 0.29

Oceana Lithium Total Current Liabilities Calculation

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

Oceana Lithium'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
=0.289+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.29

Oceana Lithium'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
=0.364+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.36

* 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

Oceana Lithium Total Current Liabilities Related Terms

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Oceana Lithium Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceana Lithium Ltd (ASX:OCN) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
C/- Minerva Corporate, Level 8, 99 St Georges Terrace, Perth, WA, AUS, 6000
Website
https://www.oceanalithium.com.au
Oceana Lithium Ltd is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining-friendly jurisdictions, the state of Ceara, Brazil, and the Northern Territory, Australia. It holds interest in the Solonopole lithium project in Brazil and the Napperby lithium project in the Northern Territory.

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