Gold Basin Resources (TSXV:GXX) Total Current Assets : C$0.98 Mil (As of Mar. 2024)

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What is Gold Basin Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Gold Basin Resources's total current assets for the quarter that ended in Mar. 2024 was C$0.98 Mil.

Gold Basin Resources Total Current Assets Historical Data

The historical data trend for Gold Basin Resources'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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Gold Basin Resources Total Current Assets Chart

Gold Basin Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.17

2.35

4.17

2.01

0.17

Gold Basin Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															2.01	1.66	0.42	0.17	0.98

Gold Basin Resources 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.

Gold Basin Resources's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.062	+	0.104	+	0	+	2.7755575615629E-17
	=	0.17

Gold Basin Resources'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
	=	0.873	+	0.111	+	0	+	-0.001
	=	0.98

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.

Gold Basin Resources (TSXV:GXX) 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.

Gold Basin Resources'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)
=	0.873	-	0.438	+	0.75 * 0	+	0.5 * 0
=	0.44

Gold Basin Resources Total Current Assets Related Terms

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Gold Basin Resources (TSXV:GXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Basin Resources Corp (TSXV:GXX) » Definitions » Total Current Assets

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GXXFF:USA

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.goldbasincorp.com

Gold Basin Resources Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in the Gold Basin project in northern Arizona.

Executives

James R. Paterson

Director

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