High North Resources (High North Resources) Total Current Assets : $0.24 Mil (As of Jun. 2015)

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What is High North Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. High North Resources's total current assets for the quarter that ended in Jun. 2015 was $0.24 Mil.

High North Resources Total Current Assets Historical Data

The historical data trend for High North Resources'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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High North Resources Total Current Assets Chart

High North Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Total Current Assets

0.19

0.03

1.95

4.86

High North Resources Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Total Current Assets	Get a 7-Day Free Trial													3.18	4.86	1.26	0.29	0.24

High North Resources 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.

High North Resources's Total Current Assets for the fiscal year that ended in Sep. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.871	+	0.554	+	0	+	0.437
	=	4.86

High North Resources's Total Current Assets for the quarter that ended in Jun. 2015 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.184	+	0	+	0.056
	=	0.24

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.

High North Resources (OTCPK:HNTHF) 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.

High North Resources's Liquidation Value for the quarter that ended in Jun. 2015 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	12.826	+	0.75 * 0	+	0.5 * 0
=	-12.83

High North Resources Total Current Assets Related Terms

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High North Resources (High North Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High North Resources Ltd (OTCPK:HNTHF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 – 7th Avenue South West, Suite 2800, First Canadian Centre, Calgary, AB, CAN, T2P 3N9

Website

http://www.highnorthresources.com

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

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