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Infinico Metals (TSXV:INFM) Total Current Liabilities : C$0.61 Mil (As of Dec. 2023)


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What is Infinico Metals Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Infinico Metals's total current liabilities for the quarter that ended in Dec. 2023 was C$0.61

Infinico Metals Total Current Liabilities Historical Data

The historical data trend for Infinico Metals'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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Infinico Metals Total Current Liabilities Chart

Infinico Metals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
0.14 0.61 0.11 0.61

Infinico Metals Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.11 0.06 0.10 0.09 0.61

Infinico Metals Total Current Liabilities Calculation

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

Infinico Metals'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
=0.103+0
+Other Current Liabilities+Current Deferred Liabilities
=0.509+0
=0.61

Infinico Metals'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
=0.103+0
+Other Current Liabilities+Current Deferred Liabilities
=0.509+0
=0.61

* 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

Infinico Metals Total Current Liabilities Related Terms

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Infinico Metals (TSXV:INFM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinico Metals Corp (TSXV:INFM) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.burin-gold.com
Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.
Executives
Plethora Private Equity Management 10% Security Holder
Stichting Legal Owner Plethora Private Equity 10% Security Holder

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