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Helium One Global (LSE:HE1) Total Current Liabilities : £3.55 Mil (As of Dec. 2023)


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What is Helium One Global Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Helium One Global's total current liabilities for the quarter that ended in Dec. 2023 was £3.55

Helium One Global Total Current Liabilities Historical Data

The historical data trend for Helium One Global'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.

Helium One Global Total Current Liabilities Chart

Helium One Global Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Current Liabilities
Get a 7-Day Free Trial 1.24 0.55 0.86 0.50 2.26

Helium One Global Semi-Annual Data
Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.57 0.50 0.33 2.26 3.55

Helium One Global Total Current Liabilities Calculation

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

Helium One Global's Total Current Liabilities for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.031+0
+Other Current Liabilities+Current Deferred Liabilities
=0.232+0
=2.26

Helium One Global'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
=3.551+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=3.55

* 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

Helium One Global Total Current Liabilities Related Terms

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Helium One Global (LSE:HE1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Helium One Global Ltd (LSE:HE1) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
HLOGF:USA 9K3:Germany
Address
Wickhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG1110
Website
https://www.helium-one.com
Helium One Global Ltd is a Helium exploration company. It is predominantly involved in helium exploration and holds three distinct project areas within the Company's portfolio in Tanzania: the Rukwa, Eyasi, and Balangida Projects. The company has two key geographical segments, being the British Virgin Islands which derives the majority of the revenue and Tanzania.

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