Debut Diamonds (Debut Diamonds) Total Current Assets : $0.27 Mil (As of Jan. 2021)

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What is Debut Diamonds Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Debut Diamonds's total current assets for the quarter that ended in Jan. 2021 was $0.27 Mil.

Debut Diamonds Total Current Assets Historical Data

The historical data trend for Debut Diamonds'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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Debut Diamonds Total Current Assets Chart

Debut Diamonds Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Total Current Assets

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0.04

0.01

0.41

0.29

Debut Diamonds Quarterly Data
	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21
Total Current Assets	Get a 7-Day Free Trial															0.32	0.29	0.28	0.27	0.27

Debut Diamonds 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.

Debut Diamonds's Total Current Assets for the fiscal year that ended in Apr. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.277	+	0.008	+	0	+	-5.5511151231258E-17
	=	0.29

Debut Diamonds's Total Current Assets for the quarter that ended in Jan. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.27	+	0.002	+	0	+	-0.001
	=	0.27

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.

Debut Diamonds (GREY:DBDIF) 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.

Debut Diamonds's Liquidation Value for the quarter that ended in Jan. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.27	-	0.02	+	0.75 * 0.001	+	0.5 * 0
=	0.25

Debut Diamonds Total Current Assets Related Terms

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Debut Diamonds (Debut Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Debut Diamonds Inc (GREY:DBDIF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

http://www.debutdiamonds.com

Debut Diamonds Inc is a Canada-based diamond exploration and development company. It is focused on the development of Timmins south project, MacFadyen Kimberlites project, Nakina Project, Victor Area project, and Kyle Kimberlite project. The Timmins south project is located in the Texmont mine. Its MacFadyen Kimberlites property comprises of over five mining claims covering approximately 672 hectares and is situated in northern Ontario. Its Nakina project includes more than 28 unpatented mining claims, which lies approximately 125 kilometers north of Nakina, in the James Bay Lowlands region of north-western Ontario. The company's Kyle Kimberlite property is located in northern Ontario, approximately 130 kilometers west of the De Beers Victor Mine.

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