Nevada King Gold (TSXV:NKG) Total Current Assets : C$2.56 Mil (As of Dec. 2023)

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What is Nevada King Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nevada King Gold's total current assets for the quarter that ended in Dec. 2023 was C$2.56 Mil.

Nevada King Gold Total Current Assets Historical Data

The historical data trend for Nevada King Gold'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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Nevada King Gold Total Current Assets Chart

Nevada King Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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4.82

1.70

19.16

13.97

8.16

Nevada King Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															17.24	10.48	8.16	10.44	2.56

Nevada King Gold 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.

Nevada King Gold's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	7.931	+	0.045	+	0	+	0.184
	=	8.16

Nevada King Gold's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.221	+	0.015	+	0	+	0.324
	=	2.56

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.

Nevada King Gold (TSXV:NKG) 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.

Nevada King Gold's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.221	-	0.727	+	0.75 * 0.015	+	0.5 * 0
=	1.51

Nevada King Gold Total Current Assets Related Terms

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Nevada King Gold (TSXV:NKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada King Gold Corp (TSXV:NKG) » Definitions » Total Current Assets

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Traded in Other Exchanges

NKGFF:USA

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4

Website

https://www.nevadaking.ca

Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, Horse Mtn. mill creek, iron and other seven projects.

Executives

Michael A Parker

10% Security Holder