Nihao Mineral Resources International (PHS:NI) Total Current Assets : ₱82.72 Mil (As of Mar. 2024)

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What is Nihao Mineral Resources International Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nihao Mineral Resources International's total current assets for the quarter that ended in Mar. 2024 was ₱82.72 Mil.

Nihao Mineral Resources International Total Current Assets Historical Data

The historical data trend for Nihao Mineral Resources International'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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Nihao Mineral Resources International Total Current Assets Chart

Nihao Mineral Resources International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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109.48

108.40

93.03

87.77

83.79

Nihao Mineral Resources International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															86.49	84.78	84.03	83.79	82.72

Nihao Mineral Resources International 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.

Nihao Mineral Resources International'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
	=	83.791	+	0	+	0	+	0
	=	83.79

Nihao Mineral Resources International'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
	=	82.718	+	0	+	0	+	0
	=	82.72

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.

Nihao Mineral Resources International (PHS:NI) 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.

Nihao Mineral Resources International'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)
=	82.718	-	12.585	+	0.75 * 0	+	0.5 * 0
=	70.13

Nihao Mineral Resources International Total Current Assets Related Terms

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Nihao Mineral Resources International (PHS:NI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nihao Mineral Resources International Inc (PHS:NI) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

1505 Princeton Street Corner, Shaw Boulevard, Barangay Wack-Wack, Greenhills East, Mandaluyong, PHL, 1552

Website

https://www.nihaominerals.com

Nihao Mineral Resources International Inc is a mining company. It is engaged in exploring, developing, acquiring, and operating nickel properties as well as investing in operating mining companies. It aims to create an integrated mining company with expertise in nickel exploration, access to processing technology, and the potential of its projects.