Grid Metals (TSXV:GRDM) Total Current Assets : C$1.48 Mil (As of Dec. 2024)

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What is Grid Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Grid Metals's total current assets for the quarter that ended in Dec. 2024 was C$1.48 Mil.

Grid Metals Total Current Assets Historical Data

The historical data trend for Grid 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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Grid Metals Total Current Assets Chart

Grid Metals Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Current Assets

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3.17

2.97

12.82

8.68

1.48

Grid Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Current Assets	Get a 7-Day Free Trial															8.68	5.73	4.25	3.48	1.48

Grid 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.

Grid Metals's Total Current Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.248	+	0.208	+	0	+	0.022
	=	1.48

Grid Metals's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.248	+	0.208	+	0	+	0.022
	=	1.48

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.

Grid Metals (TSXV:GRDM) 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.

Grid Metals's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.248	-	1.356	+	0.75 * 0.208	+	0.5 * 0
=	0.05

Grid Metals Total Current Assets Related Terms

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Grid Metals Business Description

Industry

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

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Traded in Other Exchanges

MSMGF:USA

Address

3335 Yonge Street, Suite 304, Toronto, ON, CAN, M5N 2M1

Website

https://www.gridmetalscorp.com

Grid Metals Corp is an exploration and development company focused on both lithium and copper/nickel projects in the Bird River area, approximately 150 km northeast of Winnipeg Manitoba.. The company has a diversified portfolio of properties where it is actively exploring for Nickel-Copper, palladium, and lithium.

Executives

Robin Edward Dunbar	Director, Senior Officer
Patrick Joseph Christopher Murphy	Director
Douglas Andrew Harris	Senior Officer

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