Lithium Royalty (TSX:LIRC) Total Current Assets : C$15.42 Mil (As of Mar. 2024)

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What is Lithium Royalty Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Lithium Royalty's total current assets for the quarter that ended in Mar. 2024 was C$15.42 Mil.

Lithium Royalty Total Current Assets Historical Data

The historical data trend for Lithium Royalty'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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Lithium Royalty Total Current Assets Chart

Lithium Royalty Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

7.10

7.32

20.71

52.53

19.28

Lithium Royalty Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial								97.58	58.77	23.07	19.28	15.42

Lithium Royalty 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.

Lithium Royalty'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
	=	15.773	+	2.426	+	0	+	1.082
	=	19.28

Lithium Royalty'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
	=	12.613	+	1.59	+	0	+	1.216
	=	15.42

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.

Lithium Royalty (TSX:LIRC) 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.

Lithium Royalty'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)
=	12.613	-	5.13	+	0.75 * 1.027	+	0.5 * 0
=	8.25

Lithium Royalty Total Current Assets Related Terms

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Lithium Royalty (TSX:LIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Royalty Corp (TSX:LIRC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

LITRF:USA X1Q:Germany

Address

1133 Yonge Street, 5th Floor, Toronto, ON, CAN, M4T 2Y7

Website

https://www.lithiumroyaltycorp.com

Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy.

Executives

Blair Levinsky

Director, Senior Officer

Lithium Royalty (TSX:LIRC) Headlines

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