PGXPF (Pelangio Exploration) Total Current Assets : $0.13 Mil (As of Sep. 2024)

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What is Pelangio Exploration Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pelangio Exploration's total current assets for the quarter that ended in Sep. 2024 was $0.13 Mil.

Pelangio Exploration Total Current Assets Historical Data

The historical data trend for Pelangio Exploration'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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Pelangio Exploration Total Current Assets Chart

Pelangio Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.48

2.00

0.95

0.75

0.37

Pelangio Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															0.43	0.37	0.26	0.29	0.13

Pelangio Exploration 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.

Pelangio Exploration'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
	=	0.353	+	0.006	+	0	+	0.011
	=	0.37

Pelangio Exploration'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
	=	0.104	+	0.006	+	0	+	0.023
	=	0.13

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.

Pelangio Exploration (OTCPK:PGXPF) 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.

Pelangio Exploration'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)
=	0.104	-	0.74	+	0.75 * 0.006	+	0.5 * 0
=	-0.63

Pelangio Exploration Total Current Assets Related Terms

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Pelangio Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pelangio Exploration Inc (OTCPK:PGXPF) » Definitions » Total Current Assets

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Traded in Other Exchanges

PX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.pelangio.com

Pelangio Exploration Inc is a Canadian junior gold exploration company. The principal business of the company is the acquisition, exploration, and development of mineral property interests in Canada and Ghana, Africa. The company focuses on the acquisition and exploration of early-stage and undervalued exploration prospects located in gold belts. It holds an interest in various properties in Ghana such as Manfo property, Dankran property, and Obuasi property. In Canada, the company owns an interest in Birch Lake property and others.