Core Lithium (Core Lithium) Total Current Assets : $0.22 Mil (As of Dec. 2014)

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What is Core Lithium Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Core Lithium's total current assets for the quarter that ended in Dec. 2014 was $0.22 Mil.

Core Lithium Total Current Assets Historical Data

The historical data trend for Core Lithium'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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Core Lithium Total Current Assets Chart

Core Lithium Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Total Current Assets

0.23

0.05

0.27

0.22

Core Lithium Quarterly Data
	Mar11	Sep11	Dec11	Mar12	Sep12	Dec12	Mar13	Sep13	Dec13	Dec14
Total Current Assets	Get a 7-Day Free Trial					0.05	0.23	0.45	0.27	0.22

Core Lithium 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.

Core Lithium's Total Current Assets for the fiscal year that ended in Dec. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.212	+	0	+	0.005
	=	0.22

Core Lithium's Total Current Assets for the quarter that ended in Dec. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.212	+	0	+	0.005
	=	0.22

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.

Core Lithium (GREY:CORX) 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.

Core Lithium's Liquidation Value for the quarter that ended in Dec. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	1.942	+	0.75 * 0.212	+	0.5 * 0
=	-1.78

Core Lithium Total Current Assets Related Terms

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Core Lithium (Core Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Core Lithium Corp (GREY:CORX) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 East Fifth Street, 15th Floor, PMB No121, Cincinnati, OH, USA, 45202

Website

http://www.corelithium.com

Core Lithium Corp is a United States based development stage company. It is engaged in the business of exploration, mining, and development of prospective Lithium assets in North America.

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