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Highrock Resources (XCNQ:HRK) Total Current Liabilities : C$0.12 Mil (As of Jul. 2024)


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What is Highrock Resources Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Highrock Resources's total current liabilities for the quarter that ended in Jul. 2024 was C$0.12

Highrock Resources Total Current Liabilities Historical Data

The historical data trend for Highrock Resources'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.

Highrock Resources Total Current Liabilities Chart

Highrock Resources Annual Data
Trend Jan22 Jan23 Jan24
Total Current Liabilities
0.02 0.09 0.12

Highrock Resources Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.01 0.12 0.14 0.12

Highrock Resources Total Current Liabilities Calculation

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

Highrock Resources's Total Current Liabilities for the fiscal year that ended in Jan. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.119+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.12

Highrock Resources's Total Current Liabilities for the quarter that ended in Jul. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.115+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.12

* 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

Highrock Resources Total Current Liabilities Related Terms

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Highrock Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highrock Resources Ltd (XCNQ:HRK) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
82 Richmond Street East, 1st Floor, Toronto, ON, CAN, V6C 2V6
Website
https://www.highrockresources.ltd
Highrock Resources Ltd engages in the exploration and development of mineral properties in British Columbia with a primary focus on gold exploration in British Columbia. It holds an interest in Pathfinder Property.
Executives
Anthony Ralph Roodenburg Director, Senior Officer

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