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New Break Resources (XCNQ:NBRK) Total Current Liabilities : C$0.21 Mil (As of Dec. 2023)


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What is New Break 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. New Break Resources's total current liabilities for the quarter that ended in Dec. 2023 was C$0.21

New Break Resources Total Current Liabilities Historical Data

The historical data trend for New Break 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.

New Break Resources Total Current Liabilities Chart

New Break Resources Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
0.42 0.13 0.21

New Break Resources Quarterly Data
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 0.13 0.07 0.18 0.19 0.21

New Break 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.

New Break Resources'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
=0.143+0
+Other Current Liabilities+Current Deferred Liabilities
=0.064+0
=0.21

New Break 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
=0.143+0
+Other Current Liabilities+Current Deferred Liabilities
=0.064+0
=0.21

* 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

New Break Resources Total Current Liabilities Related Terms

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New Break Resources (XCNQ:NBRK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
18 King Street East, Suite 902, Toronto, CAN, M5C 1C4
Website
https://www.newbreakresources.ca
New Break Resources Ltd is a Canadian mineral exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. New Break is focused on gold exploration at its Moray Gold Project, located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. and at its four projects in Kivalliq Region, Nunavut, including the Sundog Gold Project and Esker Gold Project.
Executives
William Donald Love Senior Officer

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