Variscan Mines (Variscan Mines) Total Current Assets : $0.62 Mil (As of Dec. 2023)

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What is Variscan Mines Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Variscan Mines's total current assets for the quarter that ended in Dec. 2023 was $0.62 Mil.

Variscan Mines Total Current Assets Historical Data

The historical data trend for Variscan Mines'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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Variscan Mines Total Current Assets Chart

Variscan Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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0.67

1.49

3.43

1.55

0.94

Variscan Mines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															2.70	1.55	0.66	0.94	0.62

Variscan Mines 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.

Variscan Mines'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
	=	0.683	+	0.239	+	0	+	0.013
	=	0.94

Variscan Mines'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
	=	0.521	+	0.094	+	0	+	0
	=	0.62

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.

Variscan Mines (OTCPK:PLTSF) 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.

Variscan Mines'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)
=	0.521	-	0.259	+	0.75 * 0.094	+	0.5 * 0
=	0.33

Variscan Mines Total Current Assets Related Terms

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Variscan Mines (Variscan Mines) Business Description

Industry

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

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VAR:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.variscan.com.au

Variscan Mines Ltd is engaged in exploring and developing mineral properties in Europe and Australia. It focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; and tin, and tungsten deposits. It holds an interest in the Merleac, Silfiac, Tennie, Beaulieu, Loc Enrel, St Pierre, and Couflents licenses located in France. The company also owns an interest in Olary, Broken Hill, Euriowie, Callabonna, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The firm operates in two geographical segments, being Australia and Spain.

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