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Argo Living Soils (XCNQ:ARGO) Total Current Liabilities : C$0.03 Mil (As of Nov. 2023)


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What is Argo Living Soils Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Argo Living Soils's total current liabilities for the quarter that ended in Nov. 2023 was C$0.03

Argo Living Soils Total Current Liabilities Historical Data

The historical data trend for Argo Living Soils'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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Argo Living Soils Total Current Liabilities Chart

Argo Living Soils Annual Data
Trend Nov20 Nov21 Nov22 Nov23
Total Current Liabilities
0.03 0.05 0.07 0.03

Argo Living Soils Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 0.07 0.06 0.04 0.01 0.03

Argo Living Soils Total Current Liabilities Calculation

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

Argo Living Soils's Total Current Liabilities for the fiscal year that ended in Nov. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.03+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.03

Argo Living Soils's Total Current Liabilities for the quarter that ended in Nov. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.03+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.03

* 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

Argo Living Soils Total Current Liabilities Related Terms

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Argo Living Soils (XCNQ:ARGO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Argo Living Soils Corp (XCNQ:ARGO) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
ARLSF:USA
Address
1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4
Website
https://argolivingsoils.com
Argo Living Soils Corp is an agribusiness company specializing in producing and developing organic products including soil amendments, living soils, bio-fertilizers, vermicompost, and compost tea kits formulated specifically for high-value crops.
Executives
Robert Carlo Intile Director