Mining Investments Resources (LSE:MIR) Total Current Liabilities: £0.21 Mil (As of Dec. 2013)


What is Mining Investments Resources Total Current Liabilities?

Mining Investments Resources LSE:MIR Total Current Liabilities is £0.21 Mil as of Dec. 2013. The stock has 2 warning signs investors should review.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Mining Investments Resources's total current liabilities for the quarter that ended in Dec. 2013 was £0.21

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

Mining Investments Resources Total Current Liabilities Related Terms

Mining Investments Resources Total Current Liabilities Historical Data

* Premium members only.

The historical data trend for Mining Investments Resources'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.

Mining Investments Resources Total Current Liabilities Chart

Mining Investments Resources Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Jun09 Jun10 Jun11 Jun12 Jun13
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.12 0.02 0.18 0.22

Mining Investments Resources Semi-Annual Data
Sep03 Mar04 Sep04 Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.18 0.17 0.22 0.21

Mining Investments Resources Total Current Liabilities Calculation

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

Mining Investments Resources's Total Current Liabilities for the fiscal year that ended in Jun. 2013 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.215+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.22

Mining Investments Resources's Total Current Liabilities for the quarter that ended in Dec. 2013 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.212+0
+Other Current Liabilities+Current Deferred Liabilities
=0.001+0
=0.21

* 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.

What does a Total Current Liabilities of £0.21 Mil mean?
Mining Investments Resources (LSE:MIR) has a Total Current Liabilities of £0.21 Mil as of Dec. 2013. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Mining Investments Resources and its competitors.
Is Mining Investments Resources' Total Current Liabilities too high?
Mining Investments Resources' current Total Current Liabilities is £0.21 Mil.
How does Mining Investments Resources' Total Current Liabilities compare to competitors?
Mining Investments Resources' Total Current Liabilities of £0.21 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Liabilities for a Conglomerates company?
A good Total Current Liabilities depends on the Conglomerates industry context. However, Total Current Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Liabilities mean?
A high Total Current Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for Mining Investments Resources and its competitors. Mining Investments Resources's current Total Current Liabilities is £0.21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current Total Current Liabilities of £0.21 Mil. The current Total Current Liabilities is £0.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Liabilities calculated?
Total Current Liabilities is calculated from a company's financial statements. For Mining Investments Resources (LSE:MIR), the current Total Current Liabilities is £0.21 Mil as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mining Investments Resources Business Description

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.