Delta Resources (Delta Resources) Total Current Assets : $3.88 Mil (As of Mar. 2024)

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What is Delta Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Delta Resources's total current assets for the quarter that ended in Mar. 2024 was $3.88 Mil.

Delta Resources Total Current Assets Historical Data

The historical data trend for Delta Resources'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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Delta Resources Total Current Assets Chart

Delta Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.84

1.51

3.41

2.55

5.07

Delta Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															2.05	7.84	6.07	5.07	3.88

Delta Resources 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.

Delta Resources'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
	=	1.266	+	0.448	+	0	+	3.351
	=	5.07

Delta Resources's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.872	+	0.16	+	0	+	2.851
	=	3.88

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.

Delta Resources (OTCPK:DTARF) 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.

Delta Resources's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.872	-	0.967	+	0.75 * 0	+	0.5 * 0
=	-0.10

Delta Resources Total Current Assets Related Terms

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Delta Resources (Delta Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Delta Resources Ltd (OTCPK:DTARF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

6GO1:Germany DLTA:Canada

Address

1718 Christine Street, Kingston, ON, CAN, K7L 4V4

Website

https://www.deltaresources.ca

Delta Resources Ltd is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two high-potential gold and base-metal projects. It has a single operating segment which is the acquisition, exploration and development of exploration properties. The company has 100% ownership in the DELTA-1 Gold project in Thunder Bay, Ontario, DELTA-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.