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Atacama Copper (TSXV:ACOP) Total Current Liabilities : C$2.20 Mil (As of Mar. 2024)


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What is Atacama Copper Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Atacama Copper's total current liabilities for the quarter that ended in Mar. 2024 was C$2.20

Atacama Copper Total Current Liabilities Historical Data

The historical data trend for Atacama Copper'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.

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Atacama Copper Total Current Liabilities Chart

Atacama Copper Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
0.05 0.14 0.10 9.14

Atacama Copper Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.06 0.04 0.09 9.14 2.20

Atacama Copper Total Current Liabilities Calculation

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

Atacama Copper's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.688+0.102
+Other Current Liabilities+Current Deferred Liabilities
=8.354+0
=9.14

Atacama Copper's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.047+1.148
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=2.20

* 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

Atacama Copper Total Current Liabilities Related Terms

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Atacama Copper (TSXV:ACOP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atacama Copper Corp (TSXV:ACOP) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
800 West Pender Street, Unit 550, Vancouver, BC, CAN, V6C 2V6
Website
https://www.atacamacopper.ca
Atacama Copper Corp is focused on copper and engaged in the acquisition, exploration, and development of mineral properties in Chile. It owns an interest in the Placeton copper property situated in the Atacama mineral belt in Chile's 3rd region between Relincho copper and El Morro copper-gold projects. In addition, it owns El Cofre copper-cobalt-gold property in the prolific cobalt belt of Chile located in the Atacama Province of Chile's 3rd region.

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