Global Lithium Resources (ASX:GL1) Total Current Assets : A$37.44 Mil (As of Dec. 2023)

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What is Global Lithium Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Global Lithium Resources's total current assets for the quarter that ended in Dec. 2023 was A$37.44 Mil.

Global Lithium Resources Total Current Assets Historical Data

The historical data trend for Global Lithium 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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Global Lithium Resources Total Current Assets Chart

Global Lithium Resources Annual Data

Trend

Jun21

Jun22

Jun23

Total Current Assets

8.81

33.67

62.92

Global Lithium Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial			11.46	33.67	77.31	62.92	37.44

Global Lithium 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.

Global Lithium Resources'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
	=	61.952	+	0.631	+	0	+	0.337
	=	62.92

Global Lithium Resources'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
	=	35.967	+	1.326	+	0	+	0.151
	=	37.44

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.

Global Lithium Resources (ASX:GL1) 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.

Global Lithium Resources'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)
=	35.967	-	4.592	+	0.75 * 1.326	+	0.5 * 0
=	32.37

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Global Lithium Resources (ASX:GL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Lithium Resources Ltd (ASX:GL1) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ventnor Avenue, Level 1, Perth, WA, AUS, 6005

Website

https://www.globallithium.com.au

Global Lithium Resources Ltd is an emerging lithium exploration company with a primary 100% focus on the Marble Bar Lithium Project in the Pilbara region of Western Australia and an 80% interest in the exploration rights and future mining rights to lithium and lithium associated comineral rights in the Manna Lithium Project.

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