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Kinross Gold (Kinross Gold) Total Current Liabilities : $686 Mil (As of Dec. 2023)


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What is Kinross Gold Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Kinross Gold's total current liabilities for the quarter that ended in Dec. 2023 was $686


Kinross Gold Total Current Liabilities Historical Data

The historical data trend for Kinross Gold'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.

Kinross Gold Total Current Liabilities Chart

Kinross Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 615.50 1,348.40 741.40 751.50 685.50

Kinross Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 751.50 1,126.40 1,232.90 732.30 685.50

Kinross Gold Total Current Liabilities Calculation

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

Kinross Gold's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=624.4+10.1
+Other Current Liabilities+Current Deferred Liabilities
=51+0
=686

Kinross Gold's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=624.4+10.1
+Other Current Liabilities+Current Deferred Liabilities
=51+0
=686

* 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


Kinross Gold Total Current Liabilities Related Terms

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Kinross Gold (Kinross Gold) Business Description

Address
25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

Kinross Gold (Kinross Gold) Headlines

From GuruFocus

Kinross declares quarterly dividend

By sperokesalga sperokesalga 02-15-2023

Kinross to announce Q2 results on August 2, 2023

By Marketwired 07-10-2023

Kinross to provide update on Great Bear project

By sperokesalga sperokesalga 02-09-2023

Kinross announces senior management changes

By GlobeNewswire GlobeNewswire 07-29-2022

Kinross announces ownership of shares of Allegiant Gold

By Stock market mentor Stock market mentor 01-16-2023

Kinross announces renewal of share buyback program

By PurpleRose PurpleRose 07-28-2022

Kinross to announce 2022 Q4/full-year results and 2023 guidance on February 15, 2023

By Stock market mentor Stock market mentor 01-11-2023