Infinity Mining (ASX:IMI) Total Current Assets : A$0.07 Mil (As of Sep. 2024)

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What is Infinity Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Infinity Mining's total current assets for the quarter that ended in Sep. 2024 was A$0.07 Mil.

Infinity Mining Total Current Assets Historical Data

The historical data trend for Infinity 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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Infinity Mining Total Current Assets Chart

Infinity Mining Annual Data

Trend

Mar22

Mar23

Mar24

Total Current Assets

8.32

3.59

0.34

Infinity Mining Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Current Assets	Get a 7-Day Free Trial			6.44	3.59	1.10	0.34	0.07

Infinity 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.

Infinity Mining's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.251	+	0.085	+	0	+	0.001
	=	0.34

Infinity Mining's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.029	+	0.032	+	0	+	0.005
	=	0.07

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.

Infinity Mining (ASX:IMI) 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.

Infinity Mining's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.029	-	0.528	+	0.75 * 0.032	+	0.5 * 0
=	-0.48

Infinity Mining Total Current Assets Related Terms

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Infinity Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

40-52 McDougall Street, Suite 1G, Level 1, Corporate House, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.infinitymining.com.au

Infinity Mining Ltd is a mineral mining and exploration company. The company holds the Pilbara Projects in the Pilbara region of Western Australia comprising an extensive portfolio of gold, copper, zinc, and lithium exploration tenements.