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African Potash (LSE:AFPO) Total Current Liabilities : £1.85 Mil (As of Jun. 2016)


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What is African Potash Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. African Potash's total current liabilities for the quarter that ended in Jun. 2016 was £1.85

African Potash Total Current Liabilities Historical Data

The historical data trend for African Potash'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.

African Potash Total Current Liabilities Chart

African Potash Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16
Total Current Liabilities
0.07 0.87 0.71 0.85 1.85

African Potash Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only 0.71 0.93 0.85 1.71 1.85

African Potash Total Current Liabilities Calculation

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

African Potash's Total Current Liabilities for the fiscal year that ended in Jun. 2016 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.584+0.707
+Other Current Liabilities+Current Deferred Liabilities
=2.2204460492503E-16+0.563
=1.85

African Potash's Total Current Liabilities for the quarter that ended in Jun. 2016 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.584+0.707
+Other Current Liabilities+Current Deferred Liabilities
=2.2204460492503E-16+0.563
=1.85

* 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

African Potash Total Current Liabilities Related Terms

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African Potash (LSE:AFPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » African Potash Ltd (LSE:AFPO) » Definitions » Total Current Liabilities
Comparable Companies
RKDA LSE:EDEN TSXV:GROW ISX:SRSN TSE:9992 BOM:539225 VEGL BSP:FHER3 BKK:PMTA-R BUE:INAG XKLS:5151 BOM:539470 HKSE:00706 NSE:AGROPHOS BOM:524288 BOM:524037 CGA WAR:BIK XBUL:AO0 XKLS:7222
Traded in Other Exchanges
N/A
Address
Richmond House, St Julian's Avenue, St Peter Port, GGY, GY1 1GZ
Website
http://www.blockcommodities.com
Block Commodities Ltd is focused on building a platform for the mining, production, and distribution of fertilizer. The business operates through various segments that are Trading, which trades fertilizer; and Exploration, which explores potash properties. The company operates in one geographical segment that is Africa. It has one project namely the Lac Dinga project.

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