Millennial Lithium (TSXV:ML) Total Current Assets : C$46.25 Mil (As of Aug. 2021)

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What is Millennial Lithium Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Millennial Lithium's total current assets for the quarter that ended in Aug. 2021 was C$46.25 Mil.

Millennial Lithium Total Current Assets Historical Data

The historical data trend for Millennial Lithium'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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Millennial Lithium Total Current Assets Chart

Millennial Lithium Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Total Current Assets

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4.16

37.54

38.77

22.03

52.63

Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Total Current Assets	Get a 7-Day Free Trial															13.12	17.20	52.63	49.34	46.25

Millennial Lithium 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.

Millennial Lithium's Total Current Assets for the fiscal year that ended in Feb. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	52.012	+	0.064	+	0	+	0.556
	=	52.63

Millennial Lithium's Total Current Assets for the quarter that ended in Aug. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	45.905	+	0.09	+	0	+	0.257
	=	46.25

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.

Millennial Lithium (TSXV:ML) 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.

Millennial Lithium's Liquidation Value for the quarter that ended in Aug. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	45.905	-	1.147	+	0.75 * 0.09	+	0.5 * 0
=	44.83

Millennial Lithium Total Current Assets Related Terms

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Millennial Lithium (TSXV:ML) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.