King River Resources (ASX:KRR) Total Current Assets : A$6.07 Mil (As of Dec. 2023)

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What is King River Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. King River Resources's total current assets for the quarter that ended in Dec. 2023 was A$6.07 Mil.

King River Resources Total Current Assets Historical Data

The historical data trend for King River 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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King River Resources Total Current Assets Chart

King River Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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3.16

0.64

6.58

3.09

10.78

King River Resources Semi-Annual Data
	Dec13	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															4.74	3.09	2.04	10.78	6.07

King River 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.

King River 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
	=	3.146	+	7.581	+	0	+	0.051
	=	10.78

King River 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
	=	3.902	+	2.065	+	0	+	0.098999999999999
	=	6.07

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.

King River Resources (ASX:KRR) 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.

King River 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)
=	3.902	-	0.253	+	0.75 * 2.065	+	0.5 * 0
=	5.20

King River Resources Total Current Assets Related Terms

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King River Resources (ASX:KRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » King River Resources Ltd (ASX:KRR) » Definitions » Total Current Assets

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Traded in Other Exchanges

N/A

Address

254 Adelaide Tce, Perth, WA, AUS, 6000

Website

https://www.kingriverresources.com.au

King River Resources Ltd is focusing on the exploration and development of the tenements in the East Kimberley region of Western Australia. Its mineral focus is on alumina, Vanadium, titanium, magnesium, and iron. It holds an interest in Fluorspar Project, Mt Remarkable Project and many more. Geographically, it operates only in Australia. The company has two segments which are the development of the ARC High Purity Alumina ('HPA') Project and Exploration and Evaluation in Australia. Geographically, it derives a majority of its revenue from Australia.

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