Defiance Silver (TSXV:DEF) Total Current Assets : C$1.93 Mil (As of Mar. 2024)

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What is Defiance Silver Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Defiance Silver's total current assets for the quarter that ended in Mar. 2024 was C$1.93 Mil.

Defiance Silver Total Current Assets Historical Data

The historical data trend for Defiance Silver'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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Defiance Silver Total Current Assets Chart

Defiance Silver Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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0.28

0.64

21.57

12.37

5.08

Defiance Silver Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															7.01	5.08	3.54	0.77	1.93

Defiance Silver 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.

Defiance Silver's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.564	+	0.002	+	0	+	0.518
	=	5.08

Defiance Silver's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.777	+	0.035	+	0	+	0.117
	=	1.93

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.

Defiance Silver (TSXV:DEF) 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.

Defiance Silver's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.777	-	0.838	+	0.75 * 0.035	+	0.5 * 0
=	0.97

Defiance Silver Total Current Assets Related Terms

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Defiance Silver (TSXV:DEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Defiance Silver Corp (TSXV:DEF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

DNCVF:USA D4E:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.defiancesilver.com

Defiance Silver Corp is a Mexico-based silver, gold, copper, and polymetallic exploration and development company actively engaged in advancing two major projects in Mexico, including the Zacatecas silver projects in the historic mining region of Zacatecas, and the Tepal copper-gold project in Michoacan, Mexico.

Executives

Breakaway Strategic Resources Segregated Portfolio

10% Security Holder