Advance Lithium (TSXV:AALI.H) Total Current Assets : C$0.03 Mil (As of Feb. 2023)

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What is Advance Lithium Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Advance Lithium's total current assets for the quarter that ended in Feb. 2023 was C$0.03 Mil.

Advance Lithium Total Current Assets Historical Data

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

Advance Lithium Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Total Current Assets

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0.06

0.02

0.01

0.07

0.08

Advance Lithium Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Total Current Assets	Get a 7-Day Free Trial															0.19	0.08	0.10	0.03	0.03

Advance Lithium 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.

Advance Lithium's Total Current Assets for the fiscal year that ended in May. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0	+	0	+	0.071
	=	0.08

Advance Lithium's Total Current Assets for the quarter that ended in Feb. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.011	+	0.001	+	0	+	0.017
	=	0.03

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.

Advance Lithium (TSXV:AALI.H) 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.

Advance Lithium's Liquidation Value for the quarter that ended in Feb. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.011	-	0.565	+	0.75 * 0.001	+	0.5 * 0
=	-0.55

Advance Lithium Total Current Assets Related Terms

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Advance Lithium (TSXV:AALI.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advance Lithium Corp (TSXV:AALI.H) » Definitions » Total Current Assets

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Address

432 Royal Avenue, Kamloops, BC, CAN, V2B 3P7

Website

https://www.advancelithiumcorp.com

Advance Lithium Corp is a junior exploration company focused on exploring and acquiring mineral properties containing lithium, precious metals and fertilizer minerals. The company has approximately 13 lithium-potassium-boron salars and a pilot plant designed and built using a patented extraction method to process lithium in a green manner.

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