KGFMF (Kingfisher Metals) Total Current Assets : $1.12 Mil (As of Sep. 2024)

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What is Kingfisher Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Kingfisher Metals's total current assets for the quarter that ended in Sep. 2024 was $1.12 Mil.

Kingfisher Metals Total Current Assets Historical Data

The historical data trend for Kingfisher Metals'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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Kingfisher Metals Total Current Assets Chart

Kingfisher Metals Annual Data

Trend

Nov19

Nov20

Dec21

Dec22

Dec23

Total Current Assets

0.18

0.74

3.89

1.95

0.75

Kingfisher Metals Quarterly Data
	Nov19	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial												1.97	0.75	0.59	1.59	1.12

Kingfisher Metals 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.

Kingfisher Metals's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.168	+	0.13	+	0	+	0.452
	=	0.75

Kingfisher Metals's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.557	+	0.077	+	0	+	0.486
	=	1.12

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.

Kingfisher Metals (OTCPK:KGFMF) 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.

Kingfisher Metals's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.557	-	1.579	+	0.75 * 0.077	+	0.5 * 0
=	-0.96

Kingfisher Metals Total Current Assets Related Terms

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Kingfisher Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingfisher Metals Corp (OTCPK:KGFMF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

9700:Germany KFR:Canada

Address

1710 - 1050 W. Pender Street, Vancouver, BC, CAN, V6E 3S7

Website

https://www.kingfishermetals.com

Kingfisher Metals Corp is an exploration company focused on underexplored district-scale projects in British Columbia. It has three district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. Its projects include the Ecstall Project, the Goldrange Project, and the Thibert Project.