Sovereign Lithium (Sovereign Lithium) Total Current Assets : $0.02 Mil (As of Dec. 2013)

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What is Sovereign Lithium Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sovereign Lithium's total current assets for the quarter that ended in Dec. 2013 was $0.02 Mil.

Sovereign Lithium Total Current Assets Historical Data

The historical data trend for Sovereign Lithium'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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Sovereign Lithium Total Current Assets Chart

Sovereign Lithium Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Current Assets

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0.03

0.02

Sovereign Lithium Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Total Current Assets	Get a 7-Day Free Trial															0.03	0.12	0.10	0.07	0.02

Sovereign Lithium 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.

Sovereign Lithium's Total Current Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.008	+	0	+	0	+	0.012
	=	0.02

Sovereign Lithium's Total Current Assets for the quarter that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.008	+	0	+	0	+	0.012
	=	0.02

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.

Sovereign Lithium (GREY:SLCO) 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.

Sovereign Lithium's Liquidation Value for the quarter that ended in Dec. 2013 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.008	-	0.003	+	0.75 * 0	+	0.5 * 0
=	0.01

Sovereign Lithium Total Current Assets Related Terms

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Sovereign Lithium (Sovereign Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sovereign Lithium Inc (GREY:SLCO) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

999 18th Street, Suite 3000, Denver, CO, USA, 80202

Website

http://www.sovereignlithium.com

Sovereign Lithium Inc is a exploration stage mineral exploration and development company.

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