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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Total Current Liabilities : $157.62 Mil (As of Mar. 2021)


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What is MMX Mineracao E Metalicos Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. MMX Mineracao E Metalicos's total current liabilities for the quarter that ended in Mar. 2021 was $157.62

MMX Mineracao E Metalicos Total Current Liabilities Historical Data

The historical data trend for MMX Mineracao E Metalicos'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.

MMX Mineracao E Metalicos Total Current Liabilities Chart

MMX Mineracao E Metalicos Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 169.30 189.30 179.61 199.90 166.97

MMX Mineracao E Metalicos Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 173.75 167.14 163.12 166.97 157.62

MMX Mineracao E Metalicos Total Current Liabilities Calculation

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

MMX Mineracao E Metalicos's Total Current Liabilities for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=42.845+65.079
+Other Current Liabilities+Current Deferred Liabilities
=59.042+0
=166.97

MMX Mineracao E Metalicos's Total Current Liabilities for the quarter that ended in Mar. 2021 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=39.413+63.876
+Other Current Liabilities+Current Deferred Liabilities
=54.334+0
=157.62

* 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

MMX Mineracao E Metalicos Total Current Liabilities Related Terms

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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Total Current Liabilities
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ASX:BHP ASX:RIO LSE:BHP LSE:RIO MIC:GMKN BSP:VALE3 ASX:FMG LSE:AAL LSE:GLEN GMEXICO B SHSE:601899 SAU:1211 HKSE:03993 BOM:500188 TSE:5713 ASX:S32 OSTO:BOL SHSE:600362 XKRX:010130 SHSE:603799
Traded in Other Exchanges
N/A
Address
Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160
Website
http://www.mmx.com.br
MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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