Archon Minerals (TSXV:ACS) Total Current Assets : C$0.02 Mil (As of Aug. 2024)

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What is Archon Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Archon Minerals's total current assets for the quarter that ended in Aug. 2024 was C$0.02 Mil.

Archon Minerals Total Current Assets Historical Data

The historical data trend for Archon Minerals'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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Archon Minerals Total Current Assets Chart

Archon Minerals Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Total Current Assets

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0.01

0.02

Archon Minerals Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Current Assets	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Archon Minerals 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.

Archon Minerals's Total Current Assets for the fiscal year that ended in May. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.018	+	0	+	0
	=	0.02

Archon Minerals's Total Current Assets for the quarter that ended in Aug. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.018	+	0	+	0
	=	0.02

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.

Archon Minerals (TSXV:ACS) 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.

Archon Minerals's Liquidation Value for the quarter that ended in Aug. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	67.576	+	0.75 * 0.018	+	0.5 * 0
=	-67.56

Archon Minerals Total Current Assets Related Terms

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Archon Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Archon Minerals Ltd (TSXV:ACS) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

323 Jervis Street, Suite 2801, Vancouver, BC, CAN, V6P 3P8

Website

Archon Minerals Ltd is a Canadian-based company. It's engaged in the mining and exploration of precious stones and metals. The company's primary focus is on the exploration of Diamonds from its Buffer zone project, WO block project, and Monument diamond project.

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