Geovic Mining (FRA:L9E) Total Current Assets : €0.67 Mil (As of Sep. 2014)

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What is Geovic Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Geovic Mining's total current assets for the quarter that ended in Sep. 2014 was €0.67 Mil.

Geovic Mining Total Current Assets Historical Data

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

Geovic Mining Annual Data

Trend

Apr04

Apr05

Apr06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Current Assets

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34.17

24.97

12.54

4.02

0.43

Geovic Mining Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Total Current Assets	Get a 7-Day Free Trial															0.60	0.43	0.55	0.54	0.67

Geovic 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.

Geovic Mining'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
	=	0.132	+	0	+	0	+	0.297
	=	0.43

Geovic Mining's Total Current Assets for the quarter that ended in Sep. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.051	+	0	+	0	+	0.623
	=	0.67

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.

Geovic Mining (FRA:L9E) 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.

Geovic Mining's Liquidation Value for the quarter that ended in Sep. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.051	-	6.996	+	0.75 * 0	+	0.5 * 0
=	-6.95

Geovic Mining Total Current Assets Related Terms

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Geovic Mining (FRA:L9E) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geovic Mining Corp (FRA:L9E) » Definitions » Total Current Assets

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Address

5500 East Yale Avenue, Suite 302, Denver, CO, USA, 80222

Website

http://www.geovic.net

Geovic Mining Corp is in the business of identifying, exploring and initially developing mineral exploration prospects. It has mining permit covering entire nickel -manganese district in Cameroon's east province. The company also through its subsidiary is engaged in strategic acquisition, exploration and development of other mineral properties.

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