AFR NuVenture Resources (TSXV:AFR) Total Current Assets : C$0.04 Mil (As of Feb. 2025)

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What is AFR NuVenture Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. AFR NuVenture Resources's total current assets for the quarter that ended in Feb. 2025 was C$0.04 Mil.

AFR NuVenture Resources Total Current Assets Historical Data

The historical data trend for AFR NuVenture Resources'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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AFR NuVenture Resources Total Current Assets Chart

AFR NuVenture Resources Annual Data

Trend

May14

May15

May17

May18

May19

May20

May21

May22

May23

May24

Total Current Assets

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1.94

1.43

1.03

0.47

0.09

AFR NuVenture Resources Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Total Current Assets	Get a 7-Day Free Trial															0.18	0.09	0.06	0.03	0.04

AFR NuVenture Resources 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.

AFR NuVenture Resources'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
	=	0.055	+	0.023	+	0	+	0.016
	=	0.09

AFR NuVenture Resources's Total Current Assets for the quarter that ended in Feb. 2025 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.026	+	0.009	+	0	+	0.001
	=	0.04

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.

AFR NuVenture Resources (TSXV:AFR) 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.

AFR NuVenture Resources's Liquidation Value for the quarter that ended in Feb. 2025 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.026	-	0.245	+	0.75 * 0	+	0.5 * 0
=	-0.22

AFR NuVenture Resources Total Current Assets Related Terms

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AFR NuVenture Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AFR NuVenture Resources Inc (TSXV:AFR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 West Georgia Street, Suite 1600, Vancouver, BC, CAN, V6C 3L2

Website

https://www.afrnuventure.com

AFR NuVenture Resources Inc is an exploration stage company. It is engaged in the exploration and evaluation of assets. The Company operates in one reportable segment, which is the exploration and evaluation of mineral assets in North America. The company's project includes the New Brunswick project and the silver bell-st. Lawrence mineral exploration project.

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