Geologica Resource (FRA:862) Total Current Assets : €0.08 Mil (As of Jun. 2024)

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What is Geologica Resource Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Geologica Resource's total current assets for the quarter that ended in Jun. 2024 was €0.08 Mil.

Geologica Resource Total Current Assets Historical Data

The historical data trend for Geologica Resource'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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Geologica Resource Total Current Assets Chart

Geologica Resource Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

0.03

0.08

0.37

0.02

Geologica Resource Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Current Assets	Get a 7-Day Free Trial										0.27	0.15	0.02	0.04	0.08

Geologica Resource 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.

Geologica Resource's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.005	+	0.008	+	0	+	0.004
	=	0.02

Geologica Resource's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.032	+	0.012	+	0	+	0.039
	=	0.08

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.

Geologica Resource (FRA:862) 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.

Geologica Resource's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.032	-	0.315	+	0.75 * 0	+	0.5 * 0
=	-0.28

Geologica Resource Total Current Assets Related Terms

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Geologica Resource Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geologica Resource Corp (FRA:862) » Definitions » Total Current Assets

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Traded in Other Exchanges

GRCM:Canada

Address

630 - 1111 Melville Street, Vancouver, BC, CAN, V6E 3V6

Website

https://www.geologicaresource.com

Geologica Resource Corp is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. The Topley Property consists of 7 mineral claims totalling approximately 2,706 Hectares, located in central British Columbia, in the Omineca Mining Division.

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