NISLF (Antares Metals) Total Current Assets : $2.41 Mil (As of Dec. 2023)

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What is Antares Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Antares Metals's total current assets for the quarter that ended in Dec. 2023 was $2.41 Mil.

Antares Metals Total Current Assets Historical Data

The historical data trend for Antares 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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Antares Metals Total Current Assets Chart

Antares Metals Annual Data

Trend

Jun22

Jun23

Jun24

Total Current Assets

3.34

1.41

1.17

Antares Metals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial			3.34	1.75	1.41	2.41	1.17

Antares 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.274	+	0.105	+	0	+	0.03
	=	1.41

Antares Metals'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
	=	2.349	+	0.049	+	0	+	0.016
	=	2.41

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.

Antares Metals (OTCPK:NISLF) 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.

Antares Metals'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)
=	2.349	-	1.975	+	0.75 * 0.049	+	0.5 * 0
=	0.41

Antares Metals Total Current Assets Related Terms

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Antares Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antares Metals Ltd (OTCPK:NISLF) » Definitions » Total Current Assets

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AM5:Australia

Address

43 Ventnor Avenue, Level 1, West Perth, WA, AUS, 6005

Website

https://www.antaresmetals.com.au

Antares Metals Ltd is a multi-commodity, Australian-focused explorer with two district-scale exploration hubs located adjacent to established mine and processing infrastructure. The Company uses modern exploration methods and models to develop cost-effective exploration programs focused on discovery. Its projects include the Mt Isa North Copper-Uranium Project and the Carlingup Lithium-Nickel Project.

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