Granite Creek Copper (TSXV:GCX) Total Current Assets : C$0.09 Mil (As of Feb. 2024)

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What is Granite Creek Copper Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Granite Creek Copper's total current assets for the quarter that ended in Feb. 2024 was C$0.09 Mil.

Granite Creek Copper Total Current Assets Historical Data

The historical data trend for Granite Creek Copper'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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Granite Creek Copper Total Current Assets Chart

Granite Creek Copper Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

May21

May22

May23

Total Current Assets

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0.01

0.42

4.37

1.24

0.98

Granite Creek Copper Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial															0.15	0.98	0.39	0.22	0.09

Granite Creek Copper 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.

Granite Creek Copper'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
	=	0.887	+	0.061	+	0	+	0.033
	=	0.98

Granite Creek Copper'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
	=	0.021	+	0.016	+	0	+	0.05
	=	0.09

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.

Granite Creek Copper (TSXV:GCX) 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.

Granite Creek Copper'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)
=	0.021	-	1.861	+	0.75 * 0.016	+	0.5 * 0
=	-1.83

Granite Creek Copper Total Current Assets Related Terms

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Granite Creek Copper (TSXV:GCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granite Creek Copper Ltd (TSXV:GCX) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

GCXXF:USA GRK:Germany

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.gcxcopper.com

Granite Creek Copper Ltd is a Vancouver-based, public exploration company. It is in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, to establish a mineable mineral resource. The company primarily explores gold and other mineral deposits. Granite Creek holds an interest in the Stu Copper-Gold Project located in the Minto Copper District of Canada's Yukon Territory.

Executives

Robert Sennott

Director

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