Teako Minerals (XCNQ:TMIN) Total Current Assets : C$0.62 Mil (As of Oct. 2023)

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What is Teako Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Teako Minerals's total current assets for the quarter that ended in Oct. 2023 was C$0.62 Mil.

Teako Minerals Total Current Assets Historical Data

The historical data trend for Teako Minerals'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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Teako Minerals Total Current Assets Chart

Teako Minerals Annual Data

Trend

Jan21

Jan22

Jan23

Total Current Assets

0.46

0.27

0.33

Teako Minerals Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Current Assets	Get a 7-Day Free Trial									0.28	0.33	0.36	0.11	0.62

Teako Minerals 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.

Teako Minerals's Total Current Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.324	+	0.01	+	0	+	0
	=	0.33

Teako Minerals's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.582	+	0.019	+	0	+	0.019
	=	0.62

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.

Teako Minerals (XCNQ:TMIN) 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.

Teako Minerals's Liquidation Value for the quarter that ended in Oct. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.582	-	0.551	+	0.75 * 0	+	0.5 * 0
=	0.03

Teako Minerals Total Current Assets Related Terms

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Teako Minerals (XCNQ:TMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teako Minerals Corp (XCNQ:TMIN) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.teakominerals.com

Teako Minerals Corp is engaged in the acquisition, exploration, and evaluation of mineral property interests located in Canada. It is in the process of exploring its mineral property interest in British Columbia and has not yet determined whether it contains mineral reserves that are economically recoverable. The company's mineral property interest consists of the Pinnacle project under option located in British Columbia, Canada.

Executives

Fruchtexpress Grabher Gmbh & Co Kg	10% Security Holder
Owen Garfield	Director

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