Magna Gold (Magna Gold) Total Current Assets : $19.89 Mil (As of Sep. 2022)

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What is Magna Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Magna Gold's total current assets for the quarter that ended in Sep. 2022 was $19.89 Mil.

Magna Gold Total Current Assets Historical Data

The historical data trend for Magna Gold'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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Magna Gold Total Current Assets Chart

Magna Gold Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Total Current Assets

1.82

3.20

0.90

33.90

Magna Gold Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Current Assets	Get a 7-Day Free Trial														33.40	33.90	29.42	23.89	19.89

Magna Gold 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.

Magna Gold's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.068	+	12.979	+	17.659	+	1.19
	=	33.90

Magna Gold's Total Current Assets for the quarter that ended in Sep. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.094	+	10.46	+	8.759	+	0.576
	=	19.89

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.

Magna Gold (OTCPK:MGLQF) 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.

Magna Gold's Liquidation Value for the quarter that ended in Sep. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.094	-	75.541	+	0.75 * 0	+	0.5 * 8.759
=	-71.07

Magna Gold Total Current Assets Related Terms

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Magna Gold (Magna Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Gold Corp (OTCPK:MGLQF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.magnagoldcorp.com

Magna Gold Corp is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima, Mercedes, and others. The majority of its revenue comes from sales of Gold.