Mining Global (Mining Global) Change In Working Capital : $-0.01 Mil (TTM As of Aug. 2023)

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What is Mining Global Change In Working Capital?

Mining Global's change in working capital for the quarter that ended in Aug. 2023 was $-0.01 Mil.

Mining Global's change in working capital for the fiscal year that ended in Aug. 2022 was $0.06 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

Mining Global Change In Working Capital Historical Data

The historical data trend for Mining Global's Change In Working Capital 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.

Mining Global Change In Working Capital Chart

Mining Global Annual Data

Trend

Aug10

Aug11

Aug12

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Change In Working Capital

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0.02

0.09

0.06

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Change In Working Capital	Get a 7-Day Free Trial								0.02	0.02	0.09	0.06	-0.01

Mining Global Change In Working Capital Calculation

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Working Capital for the trailing twelve months (TTM) ended in Aug. 2023 was $-0.01 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

Mining Global Change In Working Capital Related Terms

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Mining Global (Mining Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining Global Inc (OTCPK:MNGG) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website

https://www.mnggotc.com

Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.

Executives

Gregory K Clements	director, officer: Chief Financial Officer	240 MARTIN ST. #3, BLAINE WA 98230
Cedric N Atkinson	director, 10 percent owner, officer: Chief Executive Officer	240 MARTIN ST. #3, BLAINE WA 98230
Oxygen Management Group, Ltd.	10 percent owner	240 MARTIN STREET, SUITE 3, BLAINE WA 98230
Lindsay Edward Gorrill	director	611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David K Ryan	officer: Vice-President of Finance	P.O. BOX 61605, BROOKSWOOD RPO, LANGLEY A1 V3A 8C8
Jarrett F Bousquet	director, 10 percent owner, officer: President,Secretary&Treasurer	240 MARTIN STREET, #3, BLAINE WA 98230
Shane Epp	officer: Executive Vice President	2154 WEST 45TH AVENUE, VANCOUVER A1 V6M 2J1

Mining Global (Mining Global) Headlines

From GuruFocus

Mining Global (OTC:MNGG) to Merge with Namibia African Lithium Mine

By ACCESSWIRE • 08-08-2023