Symbol Mining (ASX:SL1) Total Current Assets : A$0.07 Mil (As of Jun. 2020)

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What is Symbol Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Symbol Mining's total current assets for the quarter that ended in Jun. 2020 was A$0.07 Mil.

Symbol Mining Total Current Assets Historical Data

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

Symbol Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Current Assets

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2.72

1.15

3.84

0.13

0.02

Symbol Mining Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Total Current Assets	Get a 7-Day Free Trial										0.77	0.13	2.24	0.02	0.07

Symbol 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.

Symbol Mining's Total Current Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.015	+	0.008	+	0	+	-0.001
	=	0.02

Symbol Mining's Total Current Assets for the quarter that ended in Jun. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.07	+	0	+	0	+	0
	=	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.

Symbol Mining (ASX:SL1) 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.

Symbol Mining's Liquidation Value for the quarter that ended in Jun. 2020 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.07	-	1.187	+	0.75 * 0	+	0.5 * 0
=	-1.12

Symbol Mining Total Current Assets Related Terms

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Symbol Mining (ASX:SL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Symbol Mining Ltd (ASX:SL1) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

331-335 Hay Street, Unit 6, Subiaco, WA, AUS, 6000

Website

http://www.symbolmining.com.au

Symbol Mining Ltd is a mineral exploration company. It is focused on the development and commercialization of high margin, high-grade base metals projects. The company's project profile includes Imperial Project and Tawny Project. The Imperial Project consists of three exploration licenses and three small-scale mining leases, covering approximately 510km2. The Tawny Project is located approximately 150km east/southeast of the capital Abuja in the state of Nasawarra.

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