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Volcan Holdings (Volcan Holdings) Total Current Liabilities : $2.46 Mil (As of Jun. 2010)


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What is Volcan Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Volcan Holdings's total current liabilities for the quarter that ended in Jun. 2010 was $2.46


Volcan Holdings Total Current Liabilities Historical Data

The historical data trend for Volcan Holdings'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.

Volcan Holdings Total Current Liabilities Chart

Volcan Holdings Annual Data
Trend Aug07 Aug08 Jun09 Jun10
Total Current Liabilities
- 0.03 1.40 2.46

Volcan Holdings Quarterly Data
Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 1.40 1.96 2.12 2.50 2.46

Volcan Holdings Total Current Liabilities Calculation

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

Volcan Holdings's Total Current Liabilities for the fiscal year that ended in Jun. 2010 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.265+2.191
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=2.46

Volcan Holdings's Total Current Liabilities for the quarter that ended in Jun. 2010 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.265+2.191
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=2.46

* 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


Volcan Holdings Total Current Liabilities Related Terms

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Volcan Holdings (Volcan Holdings) Business Description

Traded in Other Exchanges
N/A
Address
412 North Main Street, Suite 100, Buffalo, WY, USA, 82834
Volcan Holdings Inc operates in the industrial metals and minerals industry. The company is engaged in mineral exploration and development in Australia. The primary business is a bauxite alumina resource company.

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