Happy Creek Minerals (Happy Creek Minerals) Total Current Assets : $0.05 Mil (As of Oct. 2023)

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What is Happy Creek Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Happy Creek Minerals's total current assets for the quarter that ended in Oct. 2023 was $0.05 Mil.

Happy Creek Minerals Total Current Assets Historical Data

The historical data trend for Happy Creek 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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Happy Creek Minerals Total Current Assets Chart

Happy Creek Minerals Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Current Assets

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0.75

1.14

1.36

0.29

0.03

Happy Creek Minerals 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															0.03	0.03	0.03	0.05	0.05

Happy Creek 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.

Happy Creek Minerals'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
	=	0.025	+	0.004	+	0	+	0.001
	=	0.03

Happy Creek Minerals'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
	=	0.039	+	0.008	+	0	+	0.003
	=	0.05

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.

Happy Creek Minerals (OTCPK:HPYCF) 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.

Happy Creek Minerals'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)
=	0.039	-	0.97	+	0.75 * 0.008	+	0.5 * 0
=	-0.93

Happy Creek Minerals Total Current Assets Related Terms

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Happy Creek Minerals (Happy Creek Minerals) Business Description

Industry

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

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HPY:Canada

Address

789 West Pender Street, Suite 460, Vancouver, BC, CAN, V6C 1H2

Website

https://www.happycreekminerals.com

Happy Creek Minerals Ltd is a mineral exploration company engaged in the exploration and development of its mineral properties. Its projects include Rateria and West Valley Property, Abbott Lake Property and Tyner Lake Property. The company has a diversified metal exploration portfolio in a safe geopolitical jurisdiction and completed much of the early-stage exploration on its properties to resolve quality opportunities.

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