Balto Resources (TSXV:BAL.H) Total Current Assets : C$0.01 Mil (As of Dec. 2023)

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What is Balto Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Balto Resources's total current assets for the quarter that ended in Dec. 2023 was C$0.01 Mil.

Balto Resources Total Current Assets Historical Data

The historical data trend for Balto 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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Balto Resources Total Current Assets Chart

Balto Resources Annual Data

Trend

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Mar23

Total Current Assets

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0.01

Balto Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Balto 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.

Balto Resources's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.002	+	0.005	+	0	+	0
	=	0.01

Balto Resources's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.005	+	0	+	0
	=	0.01

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.

Balto Resources (TSXV:BAL.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.

Balto Resources's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	3.573	+	0.75 * 0.005	+	0.5 * 0
=	-3.57

Balto Resources Total Current Assets Related Terms

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Balto Resources (TSXV:BAL.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Balto Resources Ltd (TSXV:BAL.H) » Definitions » Total Current Assets

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Address

850 West Hastings Street, Suite 600, Vancouver, BC, CAN, V6C 1E1

Website

Balto Resources Ltd operates as a resource property development company. It engages in the process of exploration and evaluating its mineral property. The company holds the majority of the working interest in the SED Mineral claims that cover an area of more than 500 hectares located in the Kamloops Mining Division, British Columbia.

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