MAG Silver (TSX:MAG) Total Current Assets : C$158.84 Mil (As of Sep. 2024)

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What is MAG Silver Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. MAG Silver's total current assets for the quarter that ended in Sep. 2024 was C$158.84 Mil.

MAG Silver Total Current Assets Historical Data

The historical data trend for MAG 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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MAG Silver Total Current Assets Chart

MAG Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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95.75

122.22

76.00

43.33

96.67

MAG Silver Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															82.36	96.67	105.80	137.09	158.84

MAG 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.

MAG Silver'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
	=	92.177	+	2.092	+	0	+	2.397
	=	96.67

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	153.735	+	2.269	+	0	+	2.836
	=	158.84

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.

MAG Silver (TSX:MAG) 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.

MAG Silver's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	153.735	-	21.911	+	0.75 * 0	+	0.5 * 0
=	131.82

MAG Silver Total Current Assets Related Terms

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MAG Silver Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MAG:USA 0V56:UK MQ8:Germany MQ8:Germany

Address

800 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 2V6

Website

https://www.magsilver.com

MAG Silver Corp is a Canadian mining company. It is focused on advancing high-grade, district-scale precious metals projects in the Americas. The Company's principal asset is in the Juanicipio Mine located in Zacatecas, Mexico, which achieved commercial production of around 4,000 tonnes per day. The company has also Interest in the Larder project. Also, MAG has an expanded exploration program targeting multiple prospective targets at both Juanicipio and the Deer Trail 100% earn-in project in Utah. The Juanicipio Mine recognizes revenue for silver, gold, lead, and zinc from concentrate sales.

Executives

Thomas Peregoodoff	Director
Michael John Curlook	Senior Officer
Peter Megaw	Senior Officer
George Nickolas Paspalas	Director, Senior Officer
Daniel Thomas Macinnis	Director
Larry Taddei	Senior Officer
Dale Canfield Peniuk	Director
William James Mallory	Senior Officer
Selma Lussenburg	Director
The K2 Principal Fund L.p.	10% Security Holder
Ingrid Jo-ann Hibbard	Director
Richard Peter Clark	Director
Noëlle Drapeau	Director, Senior Officer
Darren Hartley Bondar	Director, Senior Officer
Zula Kropivnitski	Director