Canyon Creek Food Co (TSXV:CYF) Total Current Assets : C$2.25 Mil (As of Feb. 2024)

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What is Canyon Creek Food Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Canyon Creek Food Co's total current assets for the quarter that ended in Feb. 2024 was C$2.25 Mil.

Canyon Creek Food Co Total Current Assets Historical Data

The historical data trend for Canyon Creek Food Co'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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Canyon Creek Food Co Total Current Assets Chart

Canyon Creek Food Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Current Assets

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0.87

0.96

1.15

2.08

1.30

Canyon Creek Food Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial															1.98	1.30	1.75	2.44	2.25

Canyon Creek Food Co 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.

Canyon Creek Food Co's Total Current Assets for the fiscal year that ended in May. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.42	+	0.841	+	0.039
	=	1.30

Canyon Creek Food Co'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
	=	0.002	+	0.749	+	1.251	+	0.248
	=	2.25

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.

Canyon Creek Food Co (TSXV:CYF) 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.

Canyon Creek Food Co'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)
=	0.002	-	45.298	+	0.75 * 0.749	+	0.5 * 1.251
=	-44.11

Canyon Creek Food Co Total Current Assets Related Terms

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Canyon Creek Food Co (TSXV:CYF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Canyon Creek Food Co Ltd (TSXV:CYF) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

8704 - 53rd Avenue, Edmonton, AB, CAN, T6E 5G2

Website

http://www.canyoncreekfood.com

Canyon Creek Food Co Ltd is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for the health-conscious consumer. The company's product offerings include fresh sauces, gravies, mash potatoes, stews and chillies, and others. It provides its fresh food product line to both grocery retailers and a broad range of food service establishments, such as restaurants and institutions throughout Canada. Geographically it caters to Canada and USA and earns key revenue from Canada.

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