Horizonte Minerals (LSE:HZM) Total Current Assets : £158.52 Mil (As of Jun. 2023)

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What is Horizonte Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Horizonte Minerals's total current assets for the quarter that ended in Jun. 2023 was £158.52 Mil.

Horizonte Minerals Total Current Assets Historical Data

The historical data trend for Horizonte 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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Horizonte Minerals Total Current Assets Chart

Horizonte Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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6.57

20.15

13.16

172.39

179.10

Horizonte Minerals Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Total Current Assets	Get a 7-Day Free Trial															212.21	185.58	151.25	179.10	158.52

Horizonte 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.

Horizonte Minerals's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	126.457	+	34.687	+	0	+	17.952
	=	179.10

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	109.836	+	28.712	+	0	+	19.975
	=	158.52

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.

Horizonte Minerals (LSE:HZM) 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.

Horizonte Minerals's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	109.836	-	282.229	+	0.75 * 28.712	+	0.5 * 0
=	-150.86

Horizonte Minerals Total Current Assets Related Terms

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Horizonte Minerals (LSE:HZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizonte Minerals PLC (LSE:HZM) » Definitions » Total Current Assets

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Traded in Other Exchanges

HZMMF:USA H5W0:Germany HZM:Canada

Address

4-12 Regents Street, Rex House, London, GBR, SW1Y 4RG

Website

https://www.horizonteminerals.com

Horizonte Minerals PLC is a United Kingdoms based identification, acquisition, exploration, and development of mineral projects. It engaged in nickel development and mainly focuses on Brazil. It owns and operates the Araguaia Nickel Laterite project located south of the Carajas mining district, northeast Brazil, and the Vermelho Nickel-Cobalt project located in the Carajas region, north-eastern Brazil. The nickel produced by the company is used in stainless steel and electric vehicles. It is principally developing Araguaia as the next nickel mine in Brazil.

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