Omai Gold Mines (TSXV:OMG) Total Current Assets : C$1.11 Mil (As of Dec. 2023)

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What is Omai Gold Mines Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Omai Gold Mines's total current assets for the quarter that ended in Dec. 2023 was C$1.11 Mil.

Omai Gold Mines Total Current Assets Historical Data

The historical data trend for Omai Gold Mines'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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Omai Gold Mines Total Current Assets Chart

Omai Gold Mines Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Total Current Assets

0.01

0.07

4.86

4.59

1.11

Omai Gold Mines Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial										4.59	3.49	2.62	1.94	1.11

Omai Gold Mines 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.

Omai Gold Mines'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
	=	0.639	+	0.254	+	0	+	0.217
	=	1.11

Omai Gold Mines'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
	=	0.639	+	0.254	+	0	+	0.217
	=	1.11

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.

Omai Gold Mines (TSXV:OMG) 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.

Omai Gold Mines'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)
=	0.639	-	1.186	+	0.75 * 0	+	0.5 * 0
=	-0.55

Omai Gold Mines Total Current Assets Related Terms

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Omai Gold Mines (TSXV:OMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omai Gold Mines Corp (TSXV:OMG) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

OMGGF:USA 0N2:Germany

Address

130 King Street West, Suite 3680, Toronto, ON, CAN, M5X 1B1

Website

https://www.omaigoldmines.com

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

Executives

Derek Macpherson

Director