Kingman Minerals (TSXV:KGS) Total Current Assets : C$0.03 Mil (As of Mar. 2024)

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What is Kingman Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Kingman Minerals's total current assets for the quarter that ended in Mar. 2024 was C$0.03 Mil.

Kingman Minerals Total Current Assets Historical Data

The historical data trend for Kingman 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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Kingman Minerals Total Current Assets Chart

Kingman Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Current Assets

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0.01

0.10

0.19

0.05

Kingman Minerals 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															0.15	0.09	0.05	0.03	0.03

Kingman 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.021	+	0.01	+	0	+	0.014
	=	0.05

Kingman Minerals'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
	=	0.023	+	0.009	+	0	+	0.002
	=	0.03

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.

Kingman Minerals (TSXV:KGS) 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.

Kingman Minerals'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)
=	0.023	-	0.555	+	0.75 * 0	+	0.5 * 0
=	-0.53

Kingman Minerals Total Current Assets Related Terms

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Kingman Minerals (TSXV:KGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingman Minerals Ltd (TSXV:KGS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

KGSSF:USA 47A1:Germany

Address

555 West Hastings Street, Suite 2150, Vancouver, BC, CAN, V6B 4N6

Website

https://www.kingmanminerals.com

Kingman Minerals Ltd is in the exploration stage and its principal business activity is the sourcing and exploration of mineral properties in North America. The Mohave Project is located in the Music Mountains in Mohave County, Arizona, and focuses on gold and silver minerals. The Cadillac East Property is situated approximately 55km east in the Province of Quebec and 500km northwest of the city of Montreal. The company operates in a single industry segment being the acquisition, exploration, and development of mineral properties.

Executives

Arthur Brown

Director, Senior Officer