Coolabah Metals (ASX:CBH) Total Current Assets : A$3.07 Mil (As of Dec. 2023)

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What is Coolabah Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Coolabah Metals's total current assets for the quarter that ended in Dec. 2023 was A$3.07 Mil.

Coolabah Metals Total Current Assets Historical Data

The historical data trend for Coolabah Metals'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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Coolabah Metals Total Current Assets Chart

Coolabah Metals Annual Data

Trend

Jun22

Total Current Assets

0.20

Coolabah Metals Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Total Current Assets	5.80	4.48	4.09	3.07

Coolabah Metals 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.

Coolabah Metals's Total Current Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.114	+	0.068	+	0	+	0.022
	=	0.20

Coolabah Metals's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.912	+	0.112	+	0	+	0.046
	=	3.07

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.

Coolabah Metals (ASX:CBH) 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.

Coolabah Metals's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.912	-	0.222	+	0.75 * 0.112	+	0.5 * 0
=	2.77

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Coolabah Metals (ASX:CBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Coolabah Metals Ltd (ASX:CBH) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

216 St Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.coolabahmetals.com.au

Coolabah Metals Ltd is a minerals exploration company formed for the purpose of identifying, acquiring, and developing prospective copper, gold, and base metal assets throughout Australia. The company's project includes the Gunpowder Creek Project (NSW) which comprises four granted exploration licenses, the Nymagee Project (NSW) which comprises three granted exploration licenses, the Coolabah Project (NSW) which comprises four granted exploration licenses, Cannington Project (QLD) is located 130km SSE of Cloncurry comprised of two exploration licenses.