CTGX Mining (CTGX Mining) Total Current Assets : $0.56 Mil (As of Jan. 2005)

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What is CTGX Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. CTGX Mining's total current assets for the quarter that ended in Jan. 2005 was $0.56 Mil.

CTGX Mining Total Current Assets Historical Data

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

CTGX Mining Annual Data

Trend

Mar03

Total Current Assets

CTGX Mining Quarterly Data
	Jun03	Sep03	Dec03	Mar04	Jul04	Oct04	Jan05
Total Current Assets	Get a 7-Day Free Trial			-	-	0.76	1.18	0.56

CTGX 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.

CTGX Mining's Total Current Assets for the fiscal year that ended in Mar. 2003 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0	+	0	+	0
	=	0.00

CTGX Mining's Total Current Assets for the quarter that ended in Jan. 2005 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0.24	+	0.295	+	0.025
	=	0.56

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.

CTGX Mining (OTCPK:CHCX) 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.

CTGX Mining's Liquidation Value for the quarter that ended in Jan. 2005 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.004	-	1.122	+	0.75 * 0.114	+	0.5 * 0.295
=	-0.89

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CTGX Mining (CTGX Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1015 G Waterwood Parkway, Suite O-2, Edmund, OK, USA, 73034

Website

http://www.ctgxmining.com

CTGX Mining Inc is an international, environmentally sensitive, minerals and resource development company. It holds mining interests in both Mexico and Columbia focused on a large reserve of rare earth elements, gold, silver lithium and other valuable ores.

Executives

Matthew Cohen

director, officer: CEO and Chairman of the Board

1702 COSTA DEL SOL, BOCA RATON FL 33432

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