QMines (ASX:QML) Total Current Assets : A$1.72 Mil (As of Dec. 2024)

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What is QMines Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. QMines's total current assets for the quarter that ended in Dec. 2024 was A$1.72 Mil.

QMines Total Current Assets Historical Data

The historical data trend for QMines'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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QMines Total Current Assets Chart

QMines Annual Data

Trend

Jun22

Jun23

Jun24

Total Current Assets

1.18

2.79

0.80

QMines Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Current Assets	Get a 7-Day Free Trial			2.53	2.79	1.68	0.80	1.72

QMines 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.

QMines's Total Current Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.608	+	0.025	+	0	+	0.168
	=	0.80

QMines's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.485	+	0.025	+	0	+	0.208
	=	1.72

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.

QMines (ASX:QML) 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.

QMines's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.485	-	1.971	+	0.75 * 0.025	+	0.5 * 0
=	-0.47

QMines Total Current Assets Related Terms

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QMines Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

81V:Germany

Address

34 Suakin Drive, P.O. Box 36, Suite J, Mosman, NSW, AUS, 2088

Website

https://www.qmines.com.au

QMines Ltd is an Australian-based exploration and development company. The flagship project of the company, Mount Chalmers, is a high-grade historic copper and gold mine. The other project of the company is Develin Creek. The company operates in one segment, the exploration and development of copper and gold assets in Queensland.

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