Lithium (Lithium) Total Current Assets : $4.02 Mil (As of Dec. 2023)

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What is Lithium Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Lithium's total current assets for the quarter that ended in Dec. 2023 was $4.02 Mil.

Lithium Total Current Assets Historical Data

The historical data trend for Lithium'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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Lithium Total Current Assets Chart

Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.37

0.21

2.66

3.99

4.02

Lithium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															3.99	4.03	3.89	4.10	4.02

Lithium 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.

Lithium'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
	=	4	+	0	+	0	+	0.023
	=	4.02

Lithium's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4	+	0	+	0	+	0.023
	=	4.02

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.

Lithium (OTCPK:LTUM) 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.

Lithium's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4	-	2.226	+	0.75 * 0	+	0.5 * 0
=	1.77

Lithium Total Current Assets Related Terms

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Lithium (Lithium) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1031 Railroad Street, Suite 102B, Elko, NV, USA, 89801

Website

https://www.lithiumcorporation.com

Lithium Corp is an exploration company based in Nevada. It is engaged in the identification, acquisition, and exploration of metals and minerals. Lithium Corporation is currently exploring two wholly owned prospects located in the State of Nevada, USA and two prospects in British Columbia, Canada. The company's properties include Fish Lake property, San Emidio property, Mount Heimdal Flake Graphite property and BC Sugar Flake Graphite property.

Executives

Dr Borenstein Ltd	10 percent owner	18 REINES ST, TEL AVIV L3 00000
Tom Lewis	director, 10 percent owner, officer: President/Secretary/Treasurer	1958 NEWHAVEN LOOP, RICHLAND WA 99352
Alexander Richard Walsh	director, 10 percent owner, officer: President / CEO	320 E. FAIRMONT DR, TEMPE AZ 85282
Brian O'connell Goss	director	1031 RAILROAD STREET, SUITE 102B, ELKO NV 89801
James Stuart Brown	director	APARTMENT PEARL GARDEN, UNIT NO. WP00606, JL. JEN. GATOT SUBROTO KAV 5-7, JAKARTA K8 12930
John G Webster	director	224 W. 16TH AVENUE, SPOKANE WA 99203
John E Hiner	director, 10 percent owner, officer: VP of Exploration	9443 AXLUND ROAD, LYNDEN WA 98264
Henry H Tonking	director	PO BOX 6545, INCLINE VILLAGE NV 89451
Mazen Hleiss	director, officer: President/Secretary/Treasurer	999 - 3RD AVE #3800, SEATTLE WA 98104