Global Battery Metals (TSXV:GBML) Total Current Assets : C$0.37 Mil (As of Jul. 2024)

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What is Global Battery Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Global Battery Metals's total current assets for the quarter that ended in Jul. 2024 was C$0.37 Mil.

Global Battery Metals Total Current Assets Historical Data

The historical data trend for Global Battery Metals'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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Global Battery Metals Total Current Assets Chart

Global Battery Metals Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Total Current Assets

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0.81

2.75

1.48

1.10

0.52

Global Battery Metals Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Jan24	Apr24	Jul24
Total Current Assets	Get a 7-Day Free Trial															1.10	1.36	0.62	0.52	0.37

Global Battery Metals 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.

Global Battery Metals's Total Current Assets for the fiscal year that ended in Apr. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.426	+	0.047	+	0	+	0.05
	=	0.52

Global Battery Metals's Total Current Assets for the quarter that ended in Jul. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.268	+	0.048	+	0	+	0.054
	=	0.37

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.

Global Battery Metals (TSXV:GBML) 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.

Global Battery Metals's Liquidation Value for the quarter that ended in Jul. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.268	-	2.415	+	0.75 * 0.048	+	0.5 * 0
=	-2.11

Global Battery Metals Total Current Assets Related Terms

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Global Battery Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Battery Metals Ltd (TSXV:GBML) » Definitions » Total Current Assets

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REZZF:USA REZ:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.gbml.ca

Global Battery Metals Ltd is a Canadian exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties. The Company has one operating segment, which is mineral exploration and development. The company holds interests in North-West Leinster Lithium Property in Ireland, Lithium King Property in Utah, the Lapoile Lithium Project in Newfoundland, the Nickel-copper project in Michigan, and the Lara copper property in Peru. Geographically, it has a presence in Ireland, North America, and Peru.

Executives

Craig A. Roberts	Director
Michael Darren Murphy	Director, Senior Officer
Jean-philippe Paiement	Senior Officer
Cameron Charles Bell	Director
Gary Duncan Brown	Director
Alan Forrester Matthews	Director

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