Nobel Resources (Nobel Resources) Total Current Assets : $0.24 Mil (As of Mar. 2024)

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What is Nobel Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nobel Resources's total current assets for the quarter that ended in Mar. 2024 was $0.24 Mil.

Nobel Resources Total Current Assets Historical Data

The historical data trend for Nobel 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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Nobel Resources Total Current Assets Chart

Nobel Resources Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Total Current Assets

0.01

0.02

3.39

0.85

0.33

Nobel Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial														0.65	0.49	0.38	0.33	0.24

Nobel 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.

Nobel Resources'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
	=	0.309	+	0.013	+	0	+	0.011
	=	0.33

Nobel Resources's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.144	+	0.072	+	0	+	0.019
	=	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.

Nobel Resources (OTCPK:NBTRF) 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.

Nobel Resources's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.144	-	0.818	+	0.75 * 0	+	0.5 * 0
=	-0.67

Nobel Resources Total Current Assets Related Terms

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Nobel Resources (Nobel Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

7Z00:Germany NBLC:Canada

Address

36 Lombard Street, Floor 4, Toronto, ON, CAN, M5C 2X3

Website

https://www.nobel-resources.com

Nobel Resources Corp is a mineral exploration and development company. It holds interests in the La Salvadora Property, Chile and Algarrobo Project, located in the coastal IOCG (Iron, Oxide, Copper, Gold) belt in northern Chile. Geographically, the company operates in Chile and Canada.

Nobel Resources (Nobel Resources) Headlines

From GuruFocus

Nobel Announces Change to Board of Directors

By GlobeNewswire GlobeNewswire • 04-14-2023

Nobel Engages Generation IACP Inc. For Market Making Services

By GlobeNewswire GlobeNewswire • 03-22-2022