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Octava Minerals (ASX:OCT) Total Current Liabilities : A$0.09 Mil (As of Dec. 2023)


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What is Octava 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. Octava Minerals's total current liabilities for the quarter that ended in Dec. 2023 was A$0.09

Octava Minerals Total Current Liabilities Historical Data

The historical data trend for Octava 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.

Octava Minerals Total Current Liabilities Chart

Octava Minerals Annual Data
Trend Jun23
Total Current Liabilities
0.11

Octava Minerals Semi-Annual Data
Dec21 Jun22 Jun23 Dec23
Total Current Liabilities 0.21 0.14 0.11 0.09

Octava 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.

Octava Minerals'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
=0.074+0
+Other Current Liabilities+Current Deferred Liabilities
=0.033+0
=0.11

Octava Minerals'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
=0.048+0
+Other Current Liabilities+Current Deferred Liabilities
=0.039+0
=0.09

* 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

Octava Minerals Total Current Liabilities Related Terms

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Octava Minerals (ASX:OCT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Octava Minerals Ltd (ASX:OCT) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008
Website
https://www.octavaminerals.com
Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: and the Yallalong project.

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