Churchill Resources (TSXV:CRI) Total Current Assets : C$0.49 Mil (As of Feb. 2024)

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What is Churchill Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Churchill Resources's total current assets for the quarter that ended in Feb. 2024 was C$0.49 Mil.

Churchill Resources Total Current Assets Historical Data

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

Churchill Resources Annual Data

Trend

Aug21

Aug22

Aug23

Total Current Assets

2.92

2.65

0.34

Churchill Resources Quarterly Data
	May20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial										0.90	0.54	0.34	1.51	0.49

Churchill 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.051	+	0.253	+	0	+	0.032
	=	0.34

Churchill Resources's Total Current Assets for the quarter that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.32	+	0.109	+	0	+	0.056
	=	0.49

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.

Churchill Resources (TSXV:CRI) 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.

Churchill Resources's Liquidation Value for the quarter that ended in Feb. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.32	-	0.956	+	0.75 * 0	+	0.5 * 0
=	-0.64

Churchill Resources Total Current Assets Related Terms

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Churchill Resources (TSXV:CRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Richmond Street West, Suite 505, Toronto, BC, CAN, M5H 2L3

Website

https://www.churchilldiamonds.com

Churchill Resources Inc is an Operator of a metals and minerals exploration company focused on high-grade nickel sulfide and diamond projects. The Company holds four exploration projects the Taylor Brook and Florence Lake Nickel Projects in Newfoundland and Labrador, Pelly Bay in Nunavut and White River in Ontario. It has mineralized Nickel-Copper-Cobalt showings at Taylor Brook, Florence Lake, and Pelly Bay, and diamondiferous kimberlites intrusive at White River and Pelly Bay.

Executives

Conan Mcintyre

Director