Keras Resources (AQSE:KRS.GB) Total Current Assets : £1.81 Mil (As of Jun. 2024)

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What is Keras Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Keras Resources's total current assets for the quarter that ended in Jun. 2024 was £1.81 Mil.

Keras Resources Total Current Assets Historical Data

The historical data trend for Keras Resources'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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Keras Resources Total Current Assets Chart

Keras Resources Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec22

Dec23

Total Current Assets

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11.76

10.14

0.52

2.62

0.98

Keras Resources Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial															1.04	2.62	2.31	0.98	1.81

Keras Resources 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.

Keras Resources's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.185	+	0.162	+	0.621	+	0.009
	=	0.98

Keras Resources's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.168	+	0.166	+	0.468	+	0.011
	=	1.81

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.

Keras Resources (AQSE:KRS.GB) 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.

Keras Resources's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.168	-	3.409	+	0.75 * 0.07	+	0.5 * 0.468
=	-1.95

Keras Resources Total Current Assets Related Terms

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Keras Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Keras Resources PLC (AQSE:KRS.GB) » Definitions » Total Current Assets

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KRS:UK

Address

Downside Bridge Road, Coveham House, Cobham, Surrey, GBR, KT11 3EP

Website

https://www.kerasplc.com

Keras Resources PLC is engaged in exploration and mining. The company is principally engaged in the business of manganese and cobalt exploration and development in West Africa. The company's main projects are the Nayega manganese project, the Diamond Creek Phosphate mine, and the Carbon Market. The operation produces a variety of organic phosphate products directly for the United States fertilizer market. The operating segments of the company are Maganese, Phosphate, and others. The company derives a majority of its revenue from the United States.

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