Goldrich Mining Co (Goldrich Mining Co) Total Current Assets : $0.04 Mil (As of Sep. 2023)

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What is Goldrich Mining Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Goldrich Mining Co's total current assets for the quarter that ended in Sep. 2023 was $0.04 Mil.

Goldrich Mining Co Total Current Assets Historical Data

The historical data trend for Goldrich Mining Co'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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Goldrich Mining Co Total Current Assets Chart

Goldrich Mining Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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0.21

0.10

0.05

0.11

Goldrich Mining Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															0.05	0.11	0.08	0.04	0.04

Goldrich Mining Co 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.

Goldrich Mining Co's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0	+	0	+	0.106
	=	0.11

Goldrich Mining Co's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.026	+	0	+	0	+	0.011
	=	0.04

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.

Goldrich Mining Co (OTCPK:GRMC) 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.

Goldrich Mining Co's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.026	-	12.853	+	0.75 * 0	+	0.5 * 0
=	-12.83

Goldrich Mining Co Total Current Assets Related Terms

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Goldrich Mining Co (Goldrich Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldrich Mining Co (OTCPK:GRMC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2525 East 29th Avenue, Suite 10B-160, Spokane, WA, USA, 99223-4942

Website

https://www.goldrichmining.com

Goldrich Mining Co is a gold exploration and development company, which is engaged in the acquisition and exploration of mineral properties. The group explores gold and focuses on Chandalar property covering approximately 22,858 acres located to the north of Fairbanks, Alaska. The Chandalar is located in north-central Alaska, which is considered a tier-one jurisdiction world wide and host to multiple world-class gold mines and deposits, including the Fort Knox mine, Donlin Creek deposit, and Pebble deposit. Goldrich geographically operates through the region of Alaska, U.S, and derives the majority of its revenue from the sale of gold.

Executives

Ted Riley Sharp	officer: Chief Financial Officer	714 WHISPERWOOD COURT, NAMPA ID 83686
William Orchow	director	87 P STREET, SALT LAKE CITY UT 84103
William V Schara	director	3221 S REBECCA STREET, SPOKANE WA 99223
Nicholas Gallagher	10 percent owner	5 CHURCHFIELDS, THE K CLUB, STRAFFAN, KILDARE L2 0000
David Atkinson	director, 10 percent owner	2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Stephen M Vincent	director	255 MAPLE HILL ROAD, HOPKINS MN 55343
Michael Grant Rasmussen	director	17412 N. MEADOVIEW LANE, NINE MILE FALLS WA 99026
Garrick Allen Mendham	director	P. O. BOX 668, KINGSFORD NSW C3 2032
Regent Pacific Group Ltd	10 percent owner	SUITE 1001, HENLEY BUILDING, 5 QUEENS'S ROAD CENTRAL, HONG KONG K3 00000
Charles G Bigelow	director	11562 DISCOVERY HEIGHTS CIRCLE, ANCHORAGE AK 99515
Kenneth S Eickerman	director
Forza Capital Management, L.l.c.	director, 10 percent owner	2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Rab Special Situations (master) Fund Ltd	10 percent owner	P.O. BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Rodney Alan Blakestad	officer: VP - exploration	1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629
Robert G Pate	officer: VP Operations	8620 E PARKSIDE LANE, SPOKANE WA 99217