Moonbound Mining (XCNQ:MML) Total Current Assets : C$1.33 Mil (As of Jan. 2024)

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What is Moonbound Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Moonbound Mining's total current assets for the quarter that ended in Jan. 2024 was C$1.33 Mil.

Moonbound Mining Total Current Assets Historical Data

The historical data trend for Moonbound Mining'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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Moonbound Mining Total Current Assets Chart

Moonbound Mining Annual Data

Trend

Apr22

Apr23

Total Current Assets

0.22

0.56

Moonbound Mining Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial				0.28	0.56	0.42	0.17	1.33

Moonbound Mining 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.

Moonbound Mining's Total Current Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.551	+	0.005	+	0	+	-0.001
	=	0.56

Moonbound Mining's Total Current Assets for the quarter that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.306	+	0.023	+	0	+	0
	=	1.33

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.

Moonbound Mining (XCNQ:MML) 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.

Moonbound Mining's Liquidation Value for the quarter that ended in Jan. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.306	-	3.467	+	0.75 * 0	+	0.5 * 0
=	-2.16

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Moonbound Mining (XCNQ:MML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Moonbound Mining Ltd (XCNQ:MML) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

https://www.mmlmining.ca

Moonbound Mining Ltd is a mineral exploration and development company focused on the Yak Property in Northwestern British Columbia, Canada. The Company's principal business activities include the acquisition and exploration of mineral property assets.

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