South Pacific Metals (TSXV:SPMC) Total Current Assets : C$0.72 Mil (As of Mar. 2024)

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What is South Pacific Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. South Pacific Metals's total current assets for the quarter that ended in Mar. 2024 was C$0.72 Mil.

South Pacific Metals Total Current Assets Historical Data

The historical data trend for South Pacific Metals'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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South Pacific Metals Total Current Assets Chart

South Pacific Metals Annual Data

Trend

Nov20

Dec22

Dec23

Total Current Assets

0.34

0.68

1.95

South Pacific Metals Quarterly Data
	Feb20	Jun20	Nov20	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial										0.78	1.21	0.41	1.95	0.72

South Pacific Metals 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.

South Pacific Metals'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
	=	1.804	+	0.099	+	0	+	0.042
	=	1.95

South Pacific Metals'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
	=	0.616	+	0.077	+	0	+	0.023
	=	0.72

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.

South Pacific Metals (TSXV:SPMC) 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.

South Pacific Metals'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)
=	0.616	-	1.834	+	0.75 * 0.077	+	0.5 * 0
=	-1.16

South Pacific Metals Total Current Assets Related Terms

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South Pacific Metals (TSXV:SPMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Pacific Metals Corp (TSXV:SPMC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

KRLCF:USA 6J0:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.kainanturesources.com

Kainantu Resources Ltd is an Asia-Pacific-focused gold mining company engaged in the acquisition, exploration and development of exploration and evaluation assets in PNG. Its projects are KRL North and South and May River project. It has one operating segment which is the acquisition, exploration and development of exploration and evaluation assets in PNG.

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