Genesis Metals (Genesis Metals) Total Current Assets : $1.66 Mil (As of Dec. 2021)

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What is Genesis Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Genesis Metals's total current assets for the quarter that ended in Dec. 2021 was $1.66 Mil.

Genesis Metals Total Current Assets Historical Data

The historical data trend for Genesis Metals'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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Genesis Metals Total Current Assets Chart

Genesis Metals Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Total Current Assets

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0.55

0.51

0.44

2.40

2.68

Genesis Metals Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Total Current Assets	Get a 7-Day Free Trial															2.69	2.68	2.42	1.93	1.66

Genesis Metals 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.

Genesis Metals's Total Current Assets for the fiscal year that ended in Mar. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.458	+	0.167	+	0	+	0.051
	=	2.68

Genesis Metals's Total Current Assets for the quarter that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.505	+	0.116	+	0	+	0.043
	=	1.66

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.

Genesis Metals (OTCPK:GGISF) 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.

Genesis Metals's Liquidation Value for the quarter that ended in Dec. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.505	-	0.231	+	0.75 * 0.116	+	0.5 * 0
=	1.36

Genesis Metals Total Current Assets Related Terms

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Genesis Metals (Genesis Metals) Business Description

Industry

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

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Traded in Other Exchanges

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Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

http://www.genesismetalscorp.com

Genesis Metals Corp is engaged in the acquisition and exploration of mineral property interests in Canada. The company is focused on the Chevrier Gold Project in the southwest of Chibougamau, Quebec. The Chevrier Gold Property covers 15 kilometers of the Fancamp Deformation zone - an emerging mineralized belt undergoing intensive exploration by multiple companies including several industry players, including the high-grade Monster Lake Gold Discovery which is being explored by Toma Gold and IAMGOLD. Genesis Metals holds a 100% interest in the October Gold Property located in the Southern Swayze greenstone belt in Benton Township, Ontario.

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