Great Divide Mining (ASX:GDM) Total Current Assets : A$2.83 Mil (As of Dec. 2023)

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What is Great Divide Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Great Divide Mining's total current assets for the quarter that ended in Dec. 2023 was A$2.83 Mil.

Great Divide Mining Total Current Assets Historical Data

The historical data trend for Great Divide Mining'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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Great Divide Mining Total Current Assets Chart

Great Divide Mining Annual Data

Trend

Total Current Assets

Great Divide Mining Semi-Annual Data
	Dec22	Dec23
Total Current Assets	0.16	2.83

Great Divide Mining 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.

Great Divide Mining's Total Current Assets for the fiscal year that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

Great Divide Mining'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
	=	2.726	+	0.024	+	0	+	0.081
	=	2.83

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.

Great Divide Mining (ASX:GDM) 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.

Great Divide Mining'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)
=	2.726	-	0.594	+	0.75 * 0.024	+	0.5 * 0
=	2.15

Great Divide Mining Total Current Assets Related Terms

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Great Divide Mining (ASX:GDM) Business Description

Industry

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

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Address

127 Creek Street, Level 12, Brisbane, QLD, AUS, 4000

Website

https://www.greatdividemining.com.au

Great Divide Mining Ltd is a mineral exploration company. It focuses on the exploration and development of its projects for Gold, Antimony, and Copper, with Lithium and Rare Earth Metals.

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