RDYFF (Newpath Resources) Total Current Assets : $0.21 Mil (As of Jul. 2024)

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What is Newpath Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Newpath Resources's total current assets for the quarter that ended in Jul. 2024 was $0.21 Mil.

Newpath Resources Total Current Assets Historical Data

The historical data trend for Newpath Resources'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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Newpath Resources Total Current Assets Chart

Newpath Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Total Current Assets

0.94

0.55

1.77

0.75

0.31

Newpath Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Apr24	Jul24
Total Current Assets	Get a 7-Day Free Trial														0.75	0.46	0.32	0.31	0.21

Newpath Resources 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.

Newpath Resources's Total Current Assets for the fiscal year that ended in Apr. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.293	+	0.018	+	0	+	0.003
	=	0.31

Newpath Resources's Total Current Assets for the quarter that ended in Jul. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.201	+	0.001	+	0	+	0.012
	=	0.21

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.

Newpath Resources (OTCPK:RDYFF) 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.

Newpath Resources's Liquidation Value for the quarter that ended in Jul. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.201	-	2.492	+	0.75 * 0	+	0.5 * 0
=	-2.29

Newpath Resources Total Current Assets Related Terms

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Newpath Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newpath Resources Inc (OTCPK:RDYFF) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

333 Terminal Avenue, Unit 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.newpathresources.com

Newpath Resources Inc is in the business of acquiring, exploring, and evaluating mineral resource properties in Canada. . Its property include Northshore property, Schreiber Area, and Orefield project.

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