Headwater Gold (XCNQ:HWG) Total Current Assets : C$8.01 Mil (As of Nov. 2023)

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What is Headwater Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Headwater Gold's total current assets for the quarter that ended in Nov. 2023 was C$8.01 Mil.

Headwater Gold Total Current Assets Historical Data

The historical data trend for Headwater Gold'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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Headwater Gold Total Current Assets Chart

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Total Current Assets

0.37

7.62

2.14

4.55

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Current Assets	Get a 7-Day Free Trial											4.12	4.55	9.68	10.15	8.01

Headwater Gold 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.

Headwater Gold's Total Current Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.349	+	0.046	+	0	+	0.159
	=	4.55

Headwater Gold's Total Current Assets for the quarter that ended in Nov. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	7.7	+	0.06	+	0	+	0.251
	=	8.01

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.

Headwater Gold (XCNQ:HWG) 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.

Headwater Gold's Liquidation Value for the quarter that ended in Nov. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7.7	-	5.198	+	0.75 * 0.06	+	0.5 * 0
=	2.55

Headwater Gold Total Current Assets Related Terms

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Headwater Gold (XCNQ:HWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Headwater Gold Inc (XCNQ:HWG) » Definitions » Total Current Assets

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Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

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