Veris Gold (Veris Gold) Total Current Assets : $32.8 Mil (As of Sep. 2014)

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What is Veris Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Veris Gold's total current assets for the quarter that ended in Sep. 2014 was $32.8 Mil.

Veris Gold Total Current Assets Historical Data

The historical data trend for Veris 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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Veris Gold Total Current Assets Chart

Veris Gold Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Current Assets

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15.56

25.78

25.28

49.22

32.21

Veris Gold Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Total Current Assets	Get a 7-Day Free Trial															29.48	32.21	38.27	33.36	32.80

Veris 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.

Veris Gold's Total Current Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.161	+	6.407	+	24.643	+	0
	=	32.2

Veris Gold's Total Current Assets for the quarter that ended in Sep. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.74	+	7.557	+	21.505	+	0
	=	32.8

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.

Veris Gold (OTCPK:YNGFF) 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.

Veris Gold's Liquidation Value for the quarter that ended in Sep. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.74	-	285.118	+	0.75 * 7.557	+	0.5 * 21.505
=	-265.0

Veris Gold Total Current Assets Related Terms

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Veris Gold (Veris Gold) Business Description

Industry

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

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Traded in Other Exchanges

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Address

688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1

Website

http://www.verisgold.com

Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

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