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CanAsia Energy (CanAsia Energy) Total Current Liabilities : $3.06 Mil (As of Mar. 2024)


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What is CanAsia 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. CanAsia Energy's total current liabilities for the quarter that ended in Mar. 2024 was $3.06

CanAsia Energy Total Current Liabilities Historical Data

The historical data trend for CanAsia 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.

CanAsia Energy Total Current Liabilities Chart

CanAsia Energy Annual Data
Trend Dec22 Dec23
Total Current Liabilities
2.94 3.14

CanAsia Energy Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Liabilities Get a 7-Day Free Trial 3.27 3.09 2.90 3.14 3.06

CanAsia 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.

CanAsia Energy'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
=2.434+0.013
+Other Current Liabilities+Current Deferred Liabilities
=0.689+0
=3.14

CanAsia Energy's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.383+0.012
+Other Current Liabilities+Current Deferred Liabilities
=0.664+0
=3.06

* 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

CanAsia Energy Total Current Liabilities Related Terms

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CanAsia Energy (CanAsia Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CanAsia Energy Corp (OTCPK:CECAF) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
CEC:Canada
Address
3rd Street SW, Unit 1505, 505, Calgary, AB, CAN, T2P 3E6
Website
https://canasiacorp.com
CanAsia Energy Corp is a Calgary, Alberta-based oil and gas exploration and production company with operations located at Sawn Lake, Alberta.

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