High-Tech Metals (ASX:HTM) Total Current Assets : A$2.40 Mil (As of Dec. 2023)

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What is High-Tech Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. High-Tech Metals's total current assets for the quarter that ended in Dec. 2023 was A$2.40 Mil.

High-Tech Metals Total Current Assets Historical Data

The historical data trend for High-Tech 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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High-Tech Metals Total Current Assets Chart

High-Tech Metals Annual Data

Trend

Jun23

Jun24

Total Current Assets

3.52

1.52

High-Tech Metals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Total Current Assets	2.49	3.52	2.40	1.52

High-Tech 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.

High-Tech Metals'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
	=	1.358	+	2.115	+	0	+	0.051
	=	3.52

High-Tech 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
	=	0.439	+	1.964	+	0	+	0.00099999999999989
	=	2.40

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.

High-Tech Metals (ASX:HTM) 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.

High-Tech 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)
=	0.439	-	0.604	+	0.75 * 1.964	+	0.5 * 0
=	1.31

High-Tech Metals Total Current Assets Related Terms

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High-Tech Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » High-Tech Metals Ltd (ASX:HTM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, WA, AUS, 6009

Website

https://www.hightechmetals.com.au

High-Tech Metals Ltd is engaged in the exploration and development of mineral resource properties, It holds Werner Lake Project, a cobalt project located in north-western Ontario, Canada, within the Kenora Mining District.

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