Quebec Precious Metals (Quebec Precious Metals) Total Current Assets : $1.73 Mil (As of Oct. 2023)

View and export this data going back to . Start your Free Trial

What is Quebec Precious Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Quebec Precious Metals's total current assets for the quarter that ended in Oct. 2023 was $1.73 Mil.

Quebec Precious Metals Total Current Assets Historical Data

The historical data trend for Quebec Precious Metals'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.

* Premium members only.

Quebec Precious Metals Total Current Assets Chart

Quebec Precious Metals Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Current Assets

Get a 7-Day Free Trial

3.02

5.89

2.59

2.78

1.71

Quebec Precious Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Current Assets	Get a 7-Day Free Trial															1.88	1.71	1.70	2.72	1.73

Quebec Precious Metals 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.

Quebec Precious Metals's Total Current Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.054	+	0.607	+	0	+	0.047
	=	1.71

Quebec Precious Metals's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.111	+	0.574	+	0	+	0.042
	=	1.73

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.

Quebec Precious Metals (OTCPK:CJCFF) 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.

Quebec Precious Metals's Liquidation Value for the quarter that ended in Oct. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.111	-	0.594	+	0.75 * 0	+	0.5 * 0
=	0.52

Quebec Precious Metals Total Current Assets Related Terms

Thank you for viewing the detailed overview of Quebec Precious Metals's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Quebec Precious Metals (Quebec Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Precious Metals Corp (OTCPK:CJCFF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

YXEP:Germany QPM:Canada

Address

1080, Cote du Beaver Hall, Bureau 2101, Montreal, QC, CAN, H2Z 1S8

Website

https://www.qpmcorp.ca

Quebec Precious Metals Corp is engaged in the acquisition, exploration, and development of mining projects in Canada. The company is focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation's Eleonore gold mine. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. The Company's operations consist of a single operating segment being the sector of exploration and evaluation of mineral resources and all operations are located in Canada.