Golden Patriot (Golden Patriot) Total Current Assets : $0.07 Mil (As of Jan. 2008)

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What is Golden Patriot Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Golden Patriot's total current assets for the quarter that ended in Jan. 2008 was $0.07 Mil.

Golden Patriot Total Current Assets Historical Data

The historical data trend for Golden Patriot'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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Golden Patriot Total Current Assets Chart

Golden Patriot Annual Data

Trend

Apr02

Apr03

Apr04

Apr05

Apr06

Apr07

Total Current Assets

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0.07

0.04

0.26

0.15

Golden Patriot Quarterly Data
	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08
Total Current Assets	Get a 7-Day Free Trial															0.07	0.15	0.07	0.04	0.07

Golden Patriot 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.

Golden Patriot's Total Current Assets for the fiscal year that ended in Apr. 2007 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.054	+	0	+	0	+	0.093
	=	0.15

Golden Patriot's Total Current Assets for the quarter that ended in Jan. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.012	+	0	+	0	+	0.057
	=	0.07

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.

Golden Patriot (OTCPK:GPTC) 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.

Golden Patriot's Liquidation Value for the quarter that ended in Jan. 2008 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.012	-	1.209	+	0.75 * 0	+	0.5 * 0
=	-1.20

Golden Patriot Total Current Assets Related Terms

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Golden Patriot (Golden Patriot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golden Patriot Corp (OTCPK:GPTC) » Definitions » Total Current Assets

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Address

8 Bond Street, Suite 124, Great Neck, NY, USA, 11021

Website

http://www.goldenpatriotcorp.com

Golden Patriot Corp is engaged in the exploration of its Lucky Boy uranium property in Arizona.

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