LRDC (Laredo Oil) Total Liabilities : $16.45 Mil (As of Nov. 2024)

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What is Laredo Oil Total Liabilities?

Laredo Oil's Total Liabilities for the quarter that ended in Nov. 2024 was $16.45 Mil.

Laredo Oil's quarterly Total Liabilities increased from May. 2024 ($13.99 Mil) to Aug. 2024 ($15.90 Mil) and increased from Aug. 2024 ($15.90 Mil) to Nov. 2024 ($16.45 Mil).

Laredo Oil's annual Total Liabilities increased from May. 2022 ($6.50 Mil) to May. 2023 ($10.33 Mil) and increased from May. 2023 ($10.33 Mil) to May. 2024 ($13.99 Mil).

Laredo Oil Total Liabilities Historical Data

The historical data trend for Laredo Oil'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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Laredo Oil Total Liabilities Chart

Laredo Oil Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Total Liabilities

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3.49

5.01

6.50

10.33

13.99

Laredo Oil Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Total Liabilities	Get a 7-Day Free Trial															10.81	13.16	13.99	15.90	16.45

Laredo Oil 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.

Laredo Oil's Total Liabilities for the fiscal year that ended in May. 2024 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	12.946	+	(0.888	+	0.157
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	0	+	0	+	0)
	=	13.99

Total Liabilities	=	Total Assets (A: May. 2024 )	-	Total Equity (A: May. 2024 )
	=	2.805	-	-11.186
	=	13.99

Laredo Oil's Total Liabilities for the quarter that ended in Nov. 2024 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	15.345	+	(0.857	+	0.248
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	0	+	0	+	0)
	=	16.45

Total Liabilities	=	Total Assets (Q: Nov. 2024 )	-	Total Equity (Q: Nov. 2024 )
	=	4.939	-	-11.511
	=	16.45

Laredo Oil Total Liabilities Related Terms

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Laredo Oil Business Description

Industry

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Address

2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705

Website

https://www.laredo-oil.com

Laredo Oil Inc is an oil exploration and production company primarily engaged in acquisition and exploration efforts for mineral properties. In addition to pursuing conventional oil recovery methods in selected oil fields, Laredo Oil plans to locate and acquire mature oil fields, with the intention of recovering stranded oil using enhanced recovery methods.