Fidelity Minerals (TSXV:FMN) Total Current Assets : C$0.02 Mil (As of Jan. 2025)

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What is Fidelity Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Fidelity Minerals's total current assets for the quarter that ended in Jan. 2025 was C$0.02 Mil.

Fidelity Minerals Total Current Assets Historical Data

The historical data trend for Fidelity Minerals'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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Fidelity Minerals Total Current Assets Chart

Fidelity Minerals Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Total Current Assets

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1.30

0.64

0.30

0.02

0.14

Fidelity Minerals Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Total Current Assets	Get a 7-Day Free Trial															0.01	-	0.14	0.04	0.02

Fidelity Minerals 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.

Fidelity Minerals's Total Current Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.12	+	0.003	+	0	+	0.012
	=	0.14

Fidelity Minerals's Total Current Assets for the quarter that ended in Jan. 2025 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.005	+	0.006	+	0	+	0.007
	=	0.02

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.

Fidelity Minerals (TSXV:FMN) 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.

Fidelity Minerals's Liquidation Value for the quarter that ended in Jan. 2025 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.005	-	1.331	+	0.75 * 0	+	0.5 * 0
=	-1.33

Fidelity Minerals Total Current Assets Related Terms

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Fidelity Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fidelity Minerals Corp (TSXV:FMN) » Definitions » Total Current Assets

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Traded in Other Exchanges

SAIDF:USA S5G:Germany

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.fidelityminerals.com

Fidelity Minerals Corp is a mineral exploration company focused on mining assets in Peru. The projects of the company include Las Huaquillas, Porphyritic Copper Project, Cerro El Bronce, and Greensands Project (Australia). The other projects of the company include Las Brujas and some projects in the pipeline. The Company operates in one operating segment that is exploration and evaluation of mineral reserves in three countries, corporate in Canada and exploration in Peru and Australia. Maximum of revenue is gained from Peru, and Las Huaquillas Project.

Executives

Lions Bay Capital Inc.	10% Security Holder
Ian Graham	Director, Senior Officer
John Joseph Byrne	Director, Senior Officer
Bahay Ozcakmak	Director
Anthony Bob Balic	Director, Senior Officer