Newfoundland Discovery (XCNQ:NEWD) Total Current Assets : C$0.19 Mil (As of Jan. 2024)

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What is Newfoundland Discovery Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Newfoundland Discovery's total current assets for the quarter that ended in Jan. 2024 was C$0.19 Mil.

Newfoundland Discovery Total Current Assets Historical Data

The historical data trend for Newfoundland Discovery'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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Newfoundland Discovery Total Current Assets Chart

Newfoundland Discovery Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Current Assets

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0.12

1.64

4.47

2.24

0.90

Newfoundland Discovery Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial															0.86	0.90	0.62	0.35	0.19

Newfoundland Discovery 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.

Newfoundland Discovery'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
	=	0.806	+	0.019	+	0	+	0.075
	=	0.90

Newfoundland Discovery'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
	=	0.145	+	0.006	+	0	+	0.038
	=	0.19

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.

Newfoundland Discovery (XCNQ:NEWD) 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.

Newfoundland Discovery'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)
=	0.145	-	0.318	+	0.75 * 0.006	+	0.5 * 0
=	-0.17

Newfoundland Discovery Total Current Assets Related Terms

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Newfoundland Discovery (XCNQ:NEWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newfoundland Discovery Corp (XCNQ:NEWD) » Definitions » Total Current Assets

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NEWDF:USA M4K:Germany

Address

838 West Hastings Street,, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://newfoundlanddiscovery.ca

Newfoundland Discovery Corp is a junior mining exploration company. Its projects include the Grup Property, Bursey Property, Rodger's Cove Property, Johnathan's Pond Properties, Eastern Point Property, Wigwam Property, Goldson Gold Property, and the Southwest Pond Gold Property in Newfoundland; the Northbound Property, Northbound Extension, Southern Star Property, Valentine Mountain Property, Bouvier Property and the Chubb Lithium Property in Quebec.

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