Colossus Minerals (Colossus Minerals) Total Current Assets : $1.12 Mil (As of Dec. 2013)

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What is Colossus Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Colossus Minerals's total current assets for the quarter that ended in Dec. 2013 was $1.12 Mil.

Colossus Minerals Total Current Assets Historical Data

The historical data trend for Colossus Minerals'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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Colossus Minerals Total Current Assets Chart

Colossus Minerals Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Dec11

Dec12

Dec13

Total Current Assets

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23.08

81.05

103.96

65.94

1.12

Colossus Minerals Quarterly Data
	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Total Current Assets	Get a 7-Day Free Trial															65.94	36.41	16.27	23.97	1.12

Colossus Minerals 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.

Colossus Minerals's Total Current Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.582	+	0.277	+	0	+	0.264
	=	1.12

Colossus Minerals's Total Current Assets for the quarter that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.582	+	0.277	+	0	+	0.264
	=	1.12

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.

Colossus Minerals (OTCPK:COLUF) 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.

Colossus Minerals's Liquidation Value for the quarter that ended in Dec. 2013 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.582	-	124.501	+	0.75 * 0.114	+	0.5 * 0
=	-123.83

Colossus Minerals Total Current Assets Related Terms

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Colossus Minerals (Colossus Minerals) Business Description

Industry

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

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Traded in Other Exchanges

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Address

100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

http://www.colossusminerals.ca

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.

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