Patriot Battery Metals (Patriot Battery Metals) Total Current Assets : $83.40 Mil (As of Dec. 2023)

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What is Patriot Battery Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Patriot Battery Metals's total current assets for the quarter that ended in Dec. 2023 was $83.40 Mil.

Patriot Battery Metals Total Current Assets Historical Data

The historical data trend for Patriot Battery 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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Patriot Battery Metals Total Current Assets Chart

Patriot Battery Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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0.60

0.20

0.13

9.64

44.48

Patriot Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															15.45	44.48	30.51	102.40	83.40

Patriot Battery 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.

Patriot Battery Metals's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	41.456	+	2.844	+	0	+	0.181
	=	44.48

Patriot Battery 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
	=	78.828	+	3.822	+	0	+	0.75
	=	83.40

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.

Patriot Battery Metals (OTCPK:PMETF) 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.

Patriot Battery 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)
=	78.828	-	24.404	+	0.75 * 3.822	+	0.5 * 0
=	57.29

Patriot Battery Metals Total Current Assets Related Terms

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Patriot Battery Metals (Patriot Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (OTCPK:PMETF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

R9G:Germany PMET:Canada PMT:Australia

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.