Electric Royalties (TSXV:ELEC) Total Current Liabilities : C$4.67 Mil (As of Mar. 2024)

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What is Electric Royalties Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Electric Royalties's total current liabilities for the quarter that ended in Mar. 2024 was C$4.67

Electric Royalties Total Current Liabilities Historical Data

The historical data trend for Electric Royalties'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.

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Electric Royalties Total Current Liabilities Chart

Electric Royalties Annual Data

Trend Dec19 Dec20 Dec21 Dec22 Dec23

Total Current Liabilities

0.05 0.12 0.34 0.14 4.48

Electric Royalties Quarterly Data

Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24

Total Current Liabilities Get a 7-Day Free Trial 0.14 0.10 0.09 4.48 4.67

Electric Royalties Total Current Liabilities Calculation

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

Electric Royalties'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

= 4.471 + 0.008

+ Other Current Liabilities + Current Deferred Liabilities

= -0.0010000000000003 + 0

= 4.48

Electric Royalties'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

= 4.659 + 0.008

+ Other Current Liabilities + Current Deferred Liabilities

= -0.00099999999999945 + 0

= 4.67

* 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

Electric Royalties Total Current Liabilities Related Terms
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Electric Royalties (TSXV:ELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Royalties Ltd (TSXV:ELEC) » Definitions » Total Current Liabilities

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Traded in Other Exchanges

ELECF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.electricroyalties.com

Electric Royalties Ltd is a royalty company established to take advantage of the demand for a wide range of commodities such as lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper that will benefit from the drive toward electrification of a variety of consumer products such as cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications. The Company's mineral royalty interests and deferred transaction costs, and investment in an associate are located in the following locations: Canada, United States of America, Southern Hemisphere, Norway and Others.

Executives

Stefan Gleason 10% Security Holder, Director

Electric Royalties (TSXV:ELEC) Headlines

No Headlines

Electric Royalties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Current Liabilities	Get a 7-Day Free Trial														0.14	0.10	0.09	4.48	4.67

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	4.471	+	0.008
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	-0.0010000000000003	+	0
	=	4.48