MEC Resources (ASX:MMR) Total Liabilities : A$1.10 Mil (As of Dec. 2023)

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What is MEC Resources Total Liabilities?

MEC Resources's Total Liabilities for the quarter that ended in Dec. 2023 was A$1.10 Mil.

MEC Resources's quarterly Total Liabilities increased from Dec. 2022 (A$1.53 Mil) to Jun. 2023 (A$8.46 Mil) but then declined from Jun. 2023 (A$8.46 Mil) to Dec. 2023 (A$1.10 Mil).

MEC Resources's annual Total Liabilities increased from Jun. 2021 (A$1.72 Mil) to Jun. 2022 (A$9.79 Mil) but then declined from Jun. 2022 (A$9.79 Mil) to Jun. 2023 (A$8.46 Mil).

MEC Resources Total Liabilities Historical Data

The historical data trend for MEC Resources's Total 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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MEC Resources Total Liabilities Chart

MEC Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Liabilities

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0.76

1.72

9.79

8.46

1.14

MEC Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Liabilities	Get a 7-Day Free Trial															9.79	1.53	8.46	1.10	1.14

MEC Resources Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

MEC Resources's Total Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1.251	+	(6.16	+	1.046
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	8.46

Total Liabilities	=	Total Assets (A: Jun. 2023 )	-	Total Equity (A: Jun. 2023 )
	=	18.848	-	10.392
	=	8.46

MEC Resources's Total Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1.099	+	(0	+	0
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	1.10

Total Liabilities	=	Total Assets (Q: Dec. 2023 )	-	Total Equity (Q: Dec. 2023 )
	=	8.368	-	7.269
	=	1.10

MEC Resources Total Liabilities Related Terms

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MEC Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEC Resources Ltd (ASX:MMR) » Definitions » Total Liabilities

Comparable Companies

Traded in Other Exchanges

N/A

Address

114 Cedric Street, Unit 12, Level 1, Stirling, WA, AUS, 6151

Website

https://www.mecresources.com.au

MEC Resources Ltd through its subsidiaries is engaged in the exploration and development of oil and gas properties in Australia. The company holds interests in the EP386 and RL1 assets located in the onshore Bonaparte Basin in the north of Western Australia and Northern Territory; and PEP11 asset located in the offshore Sydney Basin.

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