Golden Total Current Liabilities vs Accounts Payable Analysis

Total Current Liabilities vs Accounts Payable

Total Current Liabilities vs Accounts Payable Correlation Analysis

Total Current Liabilities

Total Current Liabilities is an item on Golden Pursuit balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Golden Pursuit Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Golden Pursuit obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Golden Pursuit Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Golden Pursuit fundamental ratios Correlations

Golden Pursuit Account Relationship Matchups

Golden Pursuit fundamental ratios Accounts

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