TETOF (Tectonic Metals) Total Current Assets : $1.84 Mil (As of Dec. 2024)

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What is Tectonic Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Tectonic Metals's total current assets for the quarter that ended in Dec. 2024 was $1.84 Mil.

Tectonic Metals Total Current Assets Historical Data

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

Tectonic Metals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Current Assets

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2.75

0.90

2.04

2.05

1.84

Tectonic Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Current Assets	Get a 7-Day Free Trial															2.05	1.27	0.61	1.58	1.84

Tectonic 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.383	+	0.009	+	0	+	0.444
	=	1.84

Tectonic Metals's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.383	+	0.009	+	0	+	0.444
	=	1.84

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.

Tectonic Metals (OTCPK:TETOF) 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.

Tectonic Metals's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.383	-	0.58	+	0.75 * 0.009	+	0.5 * 0
=	0.81

Tectonic Metals Total Current Assets Related Terms

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Tectonic Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

T15B:Germany TECT:Canada

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.tectonicmetals.com

Tectonic Metals Inc is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral properties in the United States. The company's exploration is focused on discovering and delineating gold resources. Its properties portfolio includes the Tibbs Property, Flats Property, and others.