SSVRF (Summa Silver) Total Current Assets : $4.23 Mil (As of Nov. 2024)

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What is Summa Silver Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Summa Silver's total current assets for the quarter that ended in Nov. 2024 was $4.23 Mil.

Summa Silver Total Current Assets Historical Data

The historical data trend for Summa Silver'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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Summa Silver Total Current Assets Chart

Summa Silver Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Total Current Assets

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8.10

5.87

5.49

5.47

1.00

Summa Silver Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Total Current Assets	Get a 7-Day Free Trial															4.19	2.74	1.79	1.00	4.23

Summa Silver 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.

Summa Silver's Total Current Assets for the fiscal year that ended in Aug. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.43	+	0.26	+	0	+	0.312
	=	1.00

Summa Silver's Total Current Assets for the quarter that ended in Nov. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.832	+	0.165	+	0	+	0.234
	=	4.23

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.

Summa Silver (OTCPK:SSVRF) 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.

Summa Silver's Liquidation Value for the quarter that ended in Nov. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.832	-	0.135	+	0.75 * 0.165	+	0.5 * 0
=	3.82

Summa Silver Total Current Assets Related Terms

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Summa Silver Business Description

Industry

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

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Traded in Other Exchanges

48X:Germany SSVR:Canada

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.summasilver.com

Summa Silver Corp is a Canadian junior mineral exploration company. It owns interests in the Hughes project in central Nevada, and the Mogollon project in southwestern New Mexico, covering a wide range of silver-gold bearing epithermal vein fields. The company has three reportable operating segments, being that of acquisition and exploration and evaluation activities at the Hughes property in Nevada, the Mogollon property in New Mexico, and its corporate headquarters located in Canada.