Fortescue (ASX:FMG) Other Current Liabilities : A$720 Mil (As of Dec. 2023)

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What is Fortescue Other Current Liabilities?

Fortescue's other current liabilities for the quarter that ended in Dec. 2023 was A$720 Mil.

Fortescue's quarterly other current liabilities increased from Dec. 2022 (A$479 Mil) to Jun. 2023 (A$663 Mil) and increased from Jun. 2023 (A$663 Mil) to Dec. 2023 (A$720 Mil).

Fortescue's annual other current liabilities increased from Jun. 2021 (A$428 Mil) to Jun. 2022 (A$564 Mil) and increased from Jun. 2022 (A$564 Mil) to Jun. 2023 (A$663 Mil).

Fortescue Other Current Liabilities Historical Data

The historical data trend for Fortescue's Other 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.

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Fortescue Other Current Liabilities Chart

Fortescue Annual Data

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Other Current Liabilities

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Fortescue Semi-Annual Data
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Fortescue Other Current Liabilities Calculation

The liability a company needs to pay in the next 12 months, but not assigned to Accounts Payable or Debt. For instance, Wal-Mart (WMT) has accrued wages, salaries, valuation, bonuses, insurance liabilities, accrued tax etc. These are all included in other current liabilities.

Fortescue Other Current Liabilities Related Terms

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Fortescue (ASX:FMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (ASX:FMG) » Definitions » Other Current Liabilities

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Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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