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Gold X Mining (Gold X Mining) Total Current Assets : $7.27 Mil (As of Mar. 2021)


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What is Gold X Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Gold X Mining's total current assets for the quarter that ended in Mar. 2021 was $7.27 Mil.

Gold X Mining Total Current Assets Historical Data

The historical data trend for Gold X 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.

* Premium members only.

Gold X Mining Total Current Assets Chart

Gold X Mining Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.35 4.01 2.57 5.85 8.58

Gold X Mining Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.49 4.19 10.45 8.58 7.27

Gold X 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.

Gold X Mining's Total Current Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=8.1+0+0+0.475
=8.58

Gold X Mining's Total Current Assets for the quarter that ended in Mar. 2021 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=6.923+0+0+0.344
=7.27

* 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.

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.

Gold X Mining  (OTCPK:GLDXF) 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.

Gold X Mining's Liquidation Value for the quarter that ended in Mar. 2021 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=6.923-14.542+0.75 * 0+0.5 * 0
=-7.62

* 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.

Gold X Mining Total Current Assets Related Terms

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Gold X Mining (Gold X Mining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold X Mining Corp (OTCPK:GLDXF) » Definitions » Total Current Assets
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Traded in Other Exchanges
N/A
Address
595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1
Website
http://www.goldxmining.com
Gold X Mining Corp is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. The company has spent more than US$150 million on the Project to classify approx. 7.35 million ounces of Measured and Indicated and around 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study and define a number of exploration targets around Toroparu on its around 53,283 hectares 100% owned Upper Puruni Concession.