G Mining Ventures (TSX:GMIN) Total Current Assets : C$58.25 Mil (As of Mar. 2024)

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What is G Mining Ventures Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. G Mining Ventures's total current assets for the quarter that ended in Mar. 2024 was C$58.25 Mil.

G Mining Ventures Total Current Assets Historical Data

The historical data trend for G Mining Ventures'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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G Mining Ventures Total Current Assets Chart

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Total Current Assets

0.07

0.79

1.21

113.61

85.09

G Mining Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															168.20	188.26	162.72	85.09	58.25

G Mining Ventures 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.

G Mining Ventures's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	70.297	+	2.399	+	10.689	+	1.703
	=	85.09

G Mining Ventures's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	28.163	+	3.167	+	24.786	+	2.129
	=	58.25

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.

G Mining Ventures (TSX:GMIN) 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.

G Mining Ventures's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	28.163	-	503.748	+	0.75 * 3.167	+	0.5 * 24.786
=	-460.82

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G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Executives

Julie-anais Debreil

Senior Officer

G Mining Ventures (TSX:GMIN) Headlines

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