Saga Metals (STU:20H) Total Current Assets : €0.61 Mil (As of Jul. 2024)

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What is Saga Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Saga Metals's total current assets for the quarter that ended in Jul. 2024 was €0.61 Mil.

Saga Metals Total Current Assets Historical Data

The historical data trend for Saga 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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Saga Metals Total Current Assets Chart

Saga Metals Annual Data

Trend

Jul23

Jul24

Total Current Assets

0.85

0.61

Saga Metals Quarterly Data
	Apr23	Jul23	Jan24	Apr24	Jul24
Total Current Assets	-	0.85	0.47	0.28	0.61

Saga 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.

Saga Metals's Total Current Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.527	+	0.04	+	0	+	0.038
	=	0.61

Saga Metals'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
	=	0.527	+	0.04	+	0	+	0.038
	=	0.61

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.

Saga Metals (STU:20H) 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.

Saga Metals'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)
=	0.527	-	0.337	+	0.75 * 0.04	+	0.5 * 0
=	0.22

Saga Metals Total Current Assets Related Terms

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Saga Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saga Metals Corp (STU:20H) » Definitions » Total Current Assets

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SAGA:Canada

Address

2288 - 1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.sagametals.com

Saga Metals Corp is a diversified critical mineral exploration company whose principal business is the acquisition and exploration of mineral assets that support the green energy transition. It has currently has interests in four mineral properties in Canada: Double Mer Property, a uranium exploration project, Legacy Lithium Property, a LCT spodumene pegmatite lithium exploration project, Radar Titanium-Vanadium Property, a titanium-vanadium layered mafic intrusion exploration project and North Wind Iron Project.

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