NRGYF (New Energy Metals) Total Current Assets : $0.06 Mil (As of Dec. 2024)

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What is New Energy Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. New Energy Metals's total current assets for the quarter that ended in Dec. 2024 was $0.06 Mil.

New Energy Metals Total Current Assets Historical Data

The historical data trend for New Energy 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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New Energy Metals Total Current Assets Chart

New Energy Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Current Assets

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0.10

0.14

0.01

0.40

0.08

New Energy Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Current Assets	Get a 7-Day Free Trial															0.11	0.08	0.08	0.10	0.06

New Energy 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.

New Energy Metals's Total Current Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.051	+	0.01	+	0	+	0.014
	=	0.08

New Energy Metals's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.051	+	0.003	+	0	+	0.006
	=	0.06

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.

New Energy Metals (OTCPK:NRGYF) 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.

New Energy Metals's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.051	-	0.157	+	0.75 * 0	+	0.5 * 0
=	-0.11

New Energy Metals Total Current Assets Related Terms

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New Energy Metals Business Description

Industry

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

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2J8:Germany ENRG:Canada

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.new-enrg.com

New Energy Metals Corp is a mining company. Principally it is engaged in the business of acquisition, exploration, and development of mineral resource properties. The company is focused on the development of the Cristal Copper project located in northernmost Chile, adjacent to the Peruvian border. The company's project includes Atikokan Lithium Property, Roslyn Lithium Property and Troitsa Copper Property.

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