Midnight Sun Mining (TSXV:MMA) Total Current Assets : C$0.14 Mil (As of Mar. 2024)

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What is Midnight Sun Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Midnight Sun Mining's total current assets for the quarter that ended in Mar. 2024 was C$0.14 Mil.

Midnight Sun Mining Total Current Assets Historical Data

The historical data trend for Midnight Sun Mining'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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Midnight Sun Mining Total Current Assets Chart

Midnight Sun Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.11

1.12

2.64

0.19

0.11

Midnight Sun Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															0.35	0.12	0.09	0.11	0.14

Midnight Sun Mining 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.

Midnight Sun Mining'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
	=	0.024	+	0.031	+	0	+	0.05
	=	0.11

Midnight Sun Mining'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
	=	0.041	+	0.032	+	0	+	0.066
	=	0.14

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.

Midnight Sun Mining (TSXV:MMA) 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.

Midnight Sun Mining'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)
=	0.041	-	0.939	+	0.75 * 0.032	+	0.5 * 0
=	-0.87

Midnight Sun Mining Total Current Assets Related Terms

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Midnight Sun Mining (TSXV:MMA) Business Description

Industry

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

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Traded in Other Exchanges

MDNGF:USA

Address

789 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 1H2

Website

https://www.midnightsunmining.com

Midnight Sun Mining Corp is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral property interests. It focuses on the exploration and discovery of copper deposits in the prolific Zambian-Congo Copperbelt. The company's mineral exploration in Zambia is located directly adjacent to the largest copper mine in Africa - First Quantum Minerals' Kansanshi copper/gold mine. It has one reportable operating segment, which is the acquisition and exploration of mineral properties.

Executives

Allan John Fabbro

10% Security Holder, Director, Senior Officer

Midnight Sun Mining (TSXV:MMA) Headlines

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