Legacy Gold Mines (TSXV:LEGY) Total Current Assets : C$2.57 Mil (As of Dec. 2024)

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What is Legacy Gold Mines Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Legacy Gold Mines's total current assets for the quarter that ended in Dec. 2024 was C$2.57 Mil.

Legacy Gold Mines Total Current Assets Historical Data

The historical data trend for Legacy Gold Mines'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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Legacy Gold Mines Total Current Assets Chart

Legacy Gold Mines Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Total Current Assets

0.45

0.53

2.57

Legacy Gold Mines Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Current Assets	Get a 7-Day Free Trial								0.53	0.53	0.44	2.99	2.57

Legacy Gold Mines 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.

Legacy Gold Mines'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
	=	2.537	+	0	+	0	+	0.032
	=	2.57

Legacy Gold Mines'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
	=	2.537	+	0	+	0	+	0.032
	=	2.57

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.

Legacy Gold Mines (TSXV:LEGY) 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.

Legacy Gold Mines'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)
=	2.537	-	0.128	+	0.75 * 0	+	0.5 * 0
=	2.41

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Legacy Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legacy Gold Mines Ltd (TSXV:LEGY) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

421 7th Avenue SW, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.legacygoldmines.com

Legacy Gold Mines Ltd is an exploration company. Its property includes Baner Gold project located in Idaho County, Idaho, USA.

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