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Cannon Resources (ASX:CNR) Total Current Liabilities : A$0.93 Mil (As of Dec. 2021)


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What is Cannon Resources Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Cannon Resources's total current liabilities for the quarter that ended in Dec. 2021 was A$0.93

Cannon Resources Total Current Liabilities Historical Data

The historical data trend for Cannon Resources'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.

Cannon Resources Total Current Liabilities Chart

Cannon Resources Annual Data
Trend Jun22
Total Current Liabilities
1.40

Cannon Resources Semi-Annual Data
Dec21 Jun22
Total Current Liabilities 0.93 1.40

Cannon Resources Total Current Liabilities Calculation

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

Cannon Resources's Total Current Liabilities for the fiscal year that ended in Jun. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.318+0
+Other Current Liabilities+Current Deferred Liabilities
=0.077+0
=1.40

Cannon Resources's Total Current Liabilities for the quarter that ended in Dec. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.887+0
+Other Current Liabilities+Current Deferred Liabilities
=0.039+0
=0.93

* 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

Cannon Resources Total Current Liabilities Related Terms

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Cannon Resources (ASX:CNR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005
Website
https://www.cannonres.com.au
Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.

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