Silvernds Resources (Silvernds Resources) Total Current Assets : $0.10 Mil (As of Jan. 2024)

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What is Silvernds Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Silvernds Resources's total current assets for the quarter that ended in Jan. 2024 was $0.10 Mil.

Silvernds Resources Total Current Assets Historical Data

The historical data trend for Silvernds 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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Silvernds Resources Total Current Assets Chart

Silvernds Resources Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Current Assets

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0.09

1.96

0.22

0.34

0.10

Silvernds Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial															0.34	0.26	0.20	0.14	0.10

Silvernds 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.089	+	0.004	+	0	+	0.01
	=	0.10

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.089	+	0.004	+	0	+	0.01
	=	0.10

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.

Silvernds Resources (OTCPK:SSRSF) 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.

Silvernds Resources's Liquidation Value for the quarter that ended in Jan. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.089	-	0.186	+	0.75 * 0	+	0.5 * 0
=	-0.10

Silvernds Resources Total Current Assets Related Terms

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Silvernds Resources (Silvernds Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Sands Resources Corp (OTCPK:SSRSF) » Definitions » Total Current Assets

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Traded in Other Exchanges

SAND:Canada

Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.silversandscorp.com

Silver Sands Resources Corp is a mining company. The Company's business activities include the acquisition and exploration of mineral property assets. The Virginia silver project is located in the southern region of Argentina known as Patagonia, in the mining-friendly and resource-rich province of Santa Cruz. The company's other projects include The Detour project is located in the Detour Greenstone Belt; and its Maple Bay property.

Silvernds Resources (Silvernds Resources) Headlines

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Golden Opportunity Resources Signs Option to Purchase Agreement for Detour Lake Property

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