California Gold Mining (California Gold Mining) Total Current Assets : $0.81 Mil (As of May. 2021)

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What is California Gold Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. California Gold Mining's total current assets for the quarter that ended in May. 2021 was $0.81 Mil.

California Gold Mining Total Current Assets Historical Data

The historical data trend for California Gold 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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California Gold Mining Total Current Assets Chart

California Gold Mining Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Total Current Assets

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0.08

0.22

0.96

1.19

0.61

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Total Current Assets	Get a 7-Day Free Trial															3.39	0.61	0.91	0.66	0.81

California Gold 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.

California Gold Mining's Total Current Assets for the fiscal year that ended in Aug. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.009	+	0.014	+	0.496	+	0.086
	=	0.61

California Gold Mining's Total Current Assets for the quarter that ended in May. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.139	+	0.065	+	0.501	+	0.108
	=	0.81

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.

California Gold Mining (OTCPK:CFGMF) 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.

California Gold Mining's Liquidation Value for the quarter that ended in May. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.139	-	5.67	+	0.75 * 0.065	+	0.5 * 0.501
=	-5.23

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California Gold Mining (California Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » California Gold Mining Inc (OTCPK:CFGMF) » Definitions » Total Current Assets

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Traded in Other Exchanges

N/A

Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.