Cascadia Minerals (Cascadia Minerals) Total Current Assets : $1.08 Mil (As of Dec. 2023)

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What is Cascadia Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Cascadia Minerals's total current assets for the quarter that ended in Dec. 2023 was $1.08 Mil.

Cascadia Minerals Total Current Assets Historical Data

The historical data trend for Cascadia Minerals's Total Current Assets 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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Cascadia Minerals Total Current Assets Chart

Cascadia Minerals Annual Data

Trend

Dec22

Dec23

Total Current Assets

0.10

1.08

Cascadia Minerals Quarterly Data
	Sep22	Dec22	Jun23	Sep23	Dec23
Total Current Assets	-	0.10	-	2.36	1.08

Cascadia Minerals Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Cascadia Minerals's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.804	+	0.16	+	0	+	0.113
	=	1.08

Cascadia Minerals's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.804	+	0.16	+	0	+	0.113
	=	1.08

Total Current Assets is linked to the Current Ratio, which is the result of 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.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Cascadia Minerals (OTCPK:CAMNF) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Cascadia Minerals's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.804	-	0.175	+	0.75 * 0	+	0.5 * 0
=	0.63

Cascadia Minerals Total Current Assets Related Terms

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Cascadia Minerals (Cascadia Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cascadia Minerals Ltd (OTCPK:CAMNF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

CAM:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.cascadiaminerals.com

Cascadia Minerals Ltd is a new Canadian exploration company focused on exploring for copper and gold in Yukon and British Columbia. The company is planning a maiden drill program at its flagship Catch Property this summer, targeting high-grade copper and gold mineralization.

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