Far East Gold (ASX:FEG) Total Current Assets : A$5.66 Mil (As of Dec. 2023)

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What is Far East Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Far East Gold's total current assets for the quarter that ended in Dec. 2023 was A$5.66 Mil.

Far East Gold Total Current Assets Historical Data

The historical data trend for Far East 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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Far East Gold Total Current Assets Chart

Far East Gold Annual Data

Trend

Jun22

Jun23

Total Current Assets

9.78

4.64

Far East Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	11.15	9.78	10.95	4.64	5.66

Far East 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.

Far East Gold's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.933	+	0.108	+	0	+	0.597
	=	4.64

Far East Gold'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
	=	4.786	+	0.213	+	0	+	0.665
	=	5.66

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.

Far East Gold (ASX:FEG) 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.

Far East Gold'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)
=	4.786	-	1.487	+	0.75 * 0.213	+	0.5 * 0
=	3.46

Far East Gold Total Current Assets Related Terms

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Far East Gold (ASX:FEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.fareast.gold

Far East Gold Ltd is engaged in the exploration of minerals. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass creek, Mount Clark west, Woyla, Wonogiri, and Trenggalek.

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