Nevada Organic Phosphate (XCNQ:NOP) Total Current Assets : C$0.16 Mil (As of Jan. 2024)

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What is Nevada Organic Phosphate Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nevada Organic Phosphate's total current assets for the quarter that ended in Jan. 2024 was C$0.16 Mil.

Nevada Organic Phosphate Total Current Assets Historical Data

The historical data trend for Nevada Organic Phosphate'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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Nevada Organic Phosphate Total Current Assets Chart

Nevada Organic Phosphate Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Apr22

Apr23

Total Current Assets

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7.75

17.88

2.62

0.24

0.47

Nevada Organic Phosphate Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial															0.66	0.47	0.29	0.07	0.16

Nevada Organic Phosphate 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.

Nevada Organic Phosphate'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
	=	0.335	+	0.014	+	0	+	0.118
	=	0.47

Nevada Organic Phosphate'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
	=	0.128	+	0.026	+	0	+	0.009
	=	0.16

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.

Nevada Organic Phosphate (XCNQ:NOP) 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.

Nevada Organic Phosphate'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)
=	0.128	-	0.123	+	0.75 * 0	+	0.5 * 0
=	0.01

Nevada Organic Phosphate Total Current Assets Related Terms

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Nevada Organic Phosphate (XCNQ:NOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Organic Phosphate Inc (XCNQ:NOP) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

625 Howe Street, Suite 1120, Vancouver, BC, CAN, V6C 2T6

Website

https://www.nevadaphosphate.com

Nevada Organic Phosphate Inc is a junior exploration company for organic, sedimentary raw rock phosphate in northeast Nevada.

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