Colossus Resources (TSXV:CLUS) Total Current Assets : C$0.01 Mil (As of Feb. 2025)

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What is Colossus Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Colossus Resources's total current assets for the quarter that ended in Feb. 2025 was C$0.01 Mil.

Colossus Resources Total Current Assets Historical Data

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

Colossus Resources Annual Data

Trend

May21

May22

May23

May24

Total Current Assets

0.32

0.14

0.15

Colossus Resources Quarterly Data
	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											0.04	-	0.01	0.01	0.01

Colossus 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.

Colossus 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
	=	0.001	+	0.001	+	0	+	0.001
	=	0.00

Colossus 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
	=	0.003	+	0.002	+	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.

Colossus Resources (TSXV:CLUS) 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.

Colossus 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)
=	0.003	-	0.242	+	0.75 * 0.002	+	0.5 * 0
=	-0.24

Colossus Resources Total Current Assets Related Terms

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Colossus Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Colossus Resources Corp (TSXV:CLUS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2475 Queens Avenue, West Vancouver, Vancouver, BC, CAN, V7V2Y9

Website

https://www.colossusresources.com

Colossus Resources Corp is an exploration and development stage mining company. The company's principal business activities include the acquisition and exploration of mineral property assets. The company holds interests in early-stage mineral exploration properties in Ontario. It holds interest in Master Cu Project; Little Joe Fault Cu Project; and Red Lake Pringle South Project. The Company operates in one reportable operating segment being the acquisition, exploration and evaluation of exploration and evaluation assets in Canada.

Executives

Ioannis Tsitos	Director
Charalambos Katevatis	Director, Senior Officer