AMXEF (Amex Exploration) Total Current Assets : $11.02 Mil (As of Dec. 2024)

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What is Amex Exploration Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Amex Exploration's total current assets for the quarter that ended in Dec. 2024 was $11.02 Mil.

Amex Exploration Total Current Assets Historical Data

The historical data trend for Amex Exploration'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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Amex Exploration Total Current Assets Chart

Amex Exploration Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Current Assets

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25.65

13.06

24.43

4.71

11.02

Amex Exploration Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Current Assets	Get a 7-Day Free Trial															4.71	20.44	15.01	10.52	11.02

Amex Exploration 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.

Amex Exploration's Total Current Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	9.495	+	1.282	+	0	+	0.246
	=	11.02

Amex Exploration's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	9.495	+	1.282	+	0	+	0.246
	=	11.02

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.

Amex Exploration (OTCPK:AMXEF) 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.

Amex Exploration's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.495	-	17.411	+	0.75 * 0	+	0.5 * 0
=	-7.92

Amex Exploration Total Current Assets Related Terms

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Amex Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amex Exploration Inc (OTCPK:AMXEF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

MX0:Germany AMX:Canada

Address

410 St-Nicolas Street, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.amexexploration.com

Amex Exploration Inc is a mining exploration company focused on developing high-grade gold ounces from the Perron Gold Project, located approximately 110 kilometers north of Rouyn-Noranda, Quebec. Its Eldorado Gold has strategically invested in Amex by acquiring a significant stake, drawn by the high quality and grade of the Perron project. The project is well-serviced by existing infrastructure, on a year-round road, from an airport, and outside the town of Normetal. The open pit and underground stope operations contain approximately 594,100 measured and indicated ounces at an average grade of around 4.28 g/t Au, along with approximately 1,049,650 inferred ounces at a grade of around 3.80 g/t Au.