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Monumental Energy (TSXV:MNRG) Total Current Liabilities : C$0.07 Mil (As of Mar. 2024)


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What is Monumental 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. Monumental Energy's total current liabilities for the quarter that ended in Mar. 2024 was C$0.07

Monumental Energy Total Current Liabilities Historical Data

The historical data trend for Monumental 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.

Monumental Energy Total Current Liabilities Chart

Monumental Energy Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Total Current Liabilities
0.03 0.05 0.12 0.15

Monumental Energy Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 0.16 0.04 0.15 0.11 0.07

Monumental 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.

Monumental Energy's Total Current Liabilities for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.147+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.15

Monumental 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
=0.069+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.07

* 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

Monumental Energy Total Current Liabilities Related Terms

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Monumental Energy (TSXV:MNRG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monumental Energy Corp (TSXV:MNRG) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
MNMRF:USA
Address
1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1
Website
Monumental Energy Corp Formerly Monumental Minerals Corp is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company's current projects are the Jemi Property, the Laguna Property and the Turi Property. The Jemi Property is located in the Ocampo municipality, a relatively remote region of western Coahuila state, Mexico. The Laguna Property is located near the town of San Pedro de Atacama, Chile. The Turi Property is located within the Lithium triangle northwest from the Salar de Laguna Blanca and northeast from the city of Calama, Chile. Geographically, the company generates revenue from Chile.
Executives
Maximilian Sali Director

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