MGXMF (MGX Minerals) Total Current Liabilities: $10.27 Mil (As of Apr. 2021)


What is MGX Minerals Total Current Liabilities?

MGX Minerals MGXMF -95.00% Total Current Liabilities is $10.27 Mil as of Apr. 2021.

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. MGX Minerals's total current liabilities for the quarter that ended in Apr. 2021 was $10.27

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Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

MGX Minerals Total Current Liabilities Related Terms

MGX Minerals Total Current Liabilities Historical Data

* Premium members only.

The historical data trend for MGX 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.

MGX Minerals Total Current Liabilities Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only 0.48 0.94 2.43 5.45 10.14

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
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 7.44 10.14 9.79 10.10 10.27

MGX 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.

MGX Minerals's Total Current Liabilities for the fiscal year that ended in Jul. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=9.65+0.48
+Other Current Liabilities+Current Deferred Liabilities
=0.0079999999999991+0
=10.14

MGX Minerals's Total Current Liabilities for the quarter that ended in Apr. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=9.655+5.977
+Other Current Liabilities+Current Deferred Liabilities
=-5.362+0
=10.27

* 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 $10.27 Mil mean?
MGX Minerals (MGXMF) has a Total Current Liabilities of $10.27 Mil as of Apr. 2021. The total amount of liabilities with maturity less than one year as recorded on a company's balance sheet. View historical data for MGX Minerals and its competitors.
Is MGX Minerals' Total Current Liabilities too high?
MGX Minerals' current Total Current Liabilities is $10.27 Mil.
How does MGX Minerals' Total Current Liabilities compare to competitors?
MGX Minerals' Total Current Liabilities of $10.27 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Total Current Liabilities depends on the Metals & Mining 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 MGX Minerals and its competitors. MGX Minerals's current Total Current Liabilities is $10.27 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current Total Current Liabilities of $10.27 Mil. The current Total Current Liabilities is $10.27 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 MGX Minerals (MGXMF), the current Total Current Liabilities is $10.27 Mil as of Apr. 2021. 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.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.