Gold Lakes (Gold Lakes) Total Current Assets : $0.01 Mil (As of Apr. 2017)

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What is Gold Lakes Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Gold Lakes's total current assets for the quarter that ended in Apr. 2017 was $0.01 Mil.

Gold Lakes Total Current Assets Historical Data

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

Gold Lakes Annual Data

Trend

Jul08

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Total Current Assets

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0.01

Gold Lakes Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Total Current Assets	Get a 7-Day Free Trial															0.08	-	0.01	-	0.01

Gold Lakes 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.

Gold Lakes's Total Current Assets for the fiscal year that ended in Jul. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.003	+	0	+	0	+	0
	=	0.00

Gold Lakes's Total Current Assets for the quarter that ended in Apr. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.012	+	0	+	0	+	0
	=	0.01

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.

Gold Lakes (GREY:GLLK) 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.

Gold Lakes's Liquidation Value for the quarter that ended in Apr. 2017 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.012	-	0.878	+	0.75 * 0	+	0.5 * 0
=	-0.87

Gold Lakes Total Current Assets Related Terms

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Gold Lakes (Gold Lakes) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Lakes Corp (GREY:GLLK) » Definitions » Total Current Assets

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Address

3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122

Website

http://www.goldlakes.com

Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

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