Flying Nickel Mining (Flying Nickel Mining) Total Current Assets : $1.88 Mil (As of Dec. 2023)

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What is Flying Nickel Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Flying Nickel Mining's total current assets for the quarter that ended in Dec. 2023 was $1.88 Mil.

Flying Nickel Mining Total Current Assets Historical Data

The historical data trend for Flying Nickel Mining'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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Flying Nickel Mining Total Current Assets Chart

Flying Nickel Mining Annual Data

Trend

Total Current Assets

Flying Nickel Mining Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial			4.70	3.73	2.76	1.96	1.88

Flying Nickel Mining 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.

Flying Nickel Mining's Total Current Assets for the fiscal year that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

Flying Nickel Mining'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
	=	0.434	+	1.365	+	0	+	0.082
	=	1.88

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.

Flying Nickel Mining (OTCPK:FLYNF) 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.

Flying Nickel Mining'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)
=	0.434	-	0.132	+	0.75 * 0.038	+	0.5 * 0
=	0.33

Flying Nickel Mining Total Current Assets Related Terms

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Flying Nickel Mining (Flying Nickel Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flying Nickel Mining Corp (OTCPK:FLYNF) » Definitions » Total Current Assets

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FLYN:Canada

Address

409 Granville Street, Suite 1610, Vancouver, BC, CAN, V6C 1T2

Website

https://www.flynickel.com

Flying Nickel Mining Corp is a premier nickel sulphide mining and exploration company. It holds interests in the Minago Project located in Manitoba's Thompson Nickel Belt in Canada.

Flying Nickel Mining (Flying Nickel Mining) Headlines

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