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Okmin Resources (Okmin Resources) Total Current Liabilities : $0.20 Mil (As of Dec. 2023)


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What is Okmin 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. Okmin Resources's total current liabilities for the quarter that ended in Dec. 2023 was $0.20

Okmin Resources Total Current Liabilities Historical Data

The historical data trend for Okmin 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.

Okmin Resources Total Current Liabilities Chart

Okmin Resources Annual Data
Trend Jun21 Jun22 Jun23
Total Current Liabilities
0.01 0.06 0.14

Okmin Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.12 0.14 0.16 0.20

Okmin 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.

Okmin Resources'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
=0.142+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.14

Okmin Resources'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
=0.201+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=0.20

* 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

Okmin Resources Total Current Liabilities Related Terms

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Okmin Resources (Okmin Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » Total Current Liabilities
Comparable Companies
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Traded in Other Exchanges
N/A
Address
16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436
Website
https://www.okminresources.com
Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.
Executives
Roy Mansano 10 percent owner 5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski director 16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog director, 10 percent owner, officer: President and CEO 16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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