GNRGF (General Copper Gold) Total Current Assets : $0.01 Mil (As of May. 2024)

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What is General Copper Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. General Copper Gold's total current assets for the quarter that ended in May. 2024 was $0.01 Mil.

General Copper Gold Total Current Assets Historical Data

The historical data trend for General Copper 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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General Copper Gold Total Current Assets Chart

General Copper Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Total Current Assets

0.02

0.17

0.63

0.03

General Copper Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Total Current Assets	Get a 7-Day Free Trial														0.11	0.03	0.03	0.01	0.01

General Copper 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.

General Copper Gold's Total Current Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.011	+	0.023	+	0	+	0
	=	0.03

General Copper Gold's Total Current Assets for the quarter that ended in May. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.005	+	0	+	0.001
	=	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.

General Copper Gold (OTCPK:GNRGF) 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.

General Copper Gold's Liquidation Value for the quarter that ended in May. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	0.233	+	0.75 * 0.005	+	0.5 * 0
=	-0.23

General Copper Gold Total Current Assets Related Terms

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General Copper Gold Business Description

Industry

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

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GGLD:Canada

Address

1558 West Hastings Street, Vancouver, BC, CAN, V6G3J4

Website

https://www.generalgold.ca

General Copper Gold Corp is an independent mineral exploration company. It is engaged in the business of exploring and evaluating mineral properties. The company is exploring 770 hectares of Clark's Brook gold property in central Newfoundland as well as the 2,313 hectares of Topley Richfield copper-gold property in British Columbia.

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