EQTRF (Altamira Gold) Total Current Assets : $1.67 Mil (As of Aug. 2024)

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What is Altamira Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Altamira Gold's total current assets for the quarter that ended in Aug. 2024 was $1.67 Mil.

Altamira Gold Total Current Assets Historical Data

The historical data trend for Altamira Gold'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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Altamira Gold Total Current Assets Chart

Altamira Gold Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Current Assets

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0.63

3.21

4.37

1.21

3.61

Altamira Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Current Assets	Get a 7-Day Free Trial															0.42	4.17	3.61	2.39	1.67

Altamira Gold 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.

Altamira Gold's Total Current Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.477	+	0.047	+	0	+	0.085
	=	3.61

Altamira Gold's Total Current Assets for the quarter that ended in Aug. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.583	+	0.049	+	0	+	0.036
	=	1.67

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.

Altamira Gold (OTCPK:EQTRF) 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.

Altamira Gold's Liquidation Value for the quarter that ended in Aug. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.583	-	0.168	+	0.75 * 0	+	0.5 * 0
=	1.42

Altamira Gold Total Current Assets Related Terms

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Altamira Gold Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altamira Gold Corp (OTCPK:EQTRF) » Definitions » Total Current Assets

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T6UP:Germany ALTA:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.altamiragold.com

Altamira Gold Corp is a junior natural resource company. Principally, it is engaged in the acquisition, exploration, development, and mining of mineral properties. Its project consists of the Cajueiro Project, Crepori Project, Apiacas Project, Nova Canada, Santa Helena, and others. The geographical segments of the group are Canada and Brazil.

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