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SALi Lithium (XCNQ:SALI) Total Current Liabilities : C$0.33 Mil (As of Aug. 2024)


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What is SALi Lithium Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. SALi Lithium's total current liabilities for the quarter that ended in Aug. 2024 was C$0.33

SALi Lithium Total Current Liabilities Historical Data

The historical data trend for SALi Lithium'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.

SALi Lithium Total Current Liabilities Chart

SALi Lithium Annual Data
Trend Feb23 Feb24
Total Current Liabilities
0.05 0.20

SALi Lithium Quarterly Data
Feb23 May23 Aug23 Feb24 May24 Aug24
Total Current Liabilities Get a 7-Day Free Trial - - 0.20 0.46 0.33

SALi Lithium Total Current Liabilities Calculation

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

SALi Lithium's Total Current Liabilities for the fiscal year that ended in Feb. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.195+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.20

SALi Lithium's Total Current Liabilities for the quarter that ended in Aug. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.314+0.018
+Other Current Liabilities+Current Deferred Liabilities
=-0.001+0
=0.33

* 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

SALi Lithium Total Current Liabilities Related Terms

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SALi Lithium Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SALi Lithium Corp (XCNQ:SALI) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
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Address
905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6
Website
https://www.southamericanlithium.com
SALi Lithium Corp is Mineral exploration company whose principal business purpose since incorporation is the identification, acquisition, evaluation, and exploration of mineral properties. It has a material mineral project in Argentina which is the El Quemado Project.

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