Outback Goldfields (TSXV:OZ) Total Current Assets : C$0.47 Mil (As of Mar. 2024)

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What is Outback Goldfields Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Outback Goldfields's total current assets for the quarter that ended in Mar. 2024 was C$0.47 Mil.

Outback Goldfields Total Current Assets Historical Data

The historical data trend for Outback Goldfields'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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Outback Goldfields Total Current Assets Chart

Outback Goldfields Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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0.23

0.14

7.40

3.17

1.45

Outback Goldfields 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															1.83	1.45	0.97	0.71	0.47

Outback Goldfields 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.

Outback Goldfields's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.312	+	0.024	+	0	+	0.11
	=	1.45

Outback Goldfields'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
	=	0.335	+	0.03	+	0	+	0.1
	=	0.47

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.

Outback Goldfields (TSXV:OZ) 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.

Outback Goldfields'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)
=	0.335	-	0.05	+	0.75 * 0	+	0.5 * 0
=	0.29

Outback Goldfields Total Current Assets Related Terms

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Outback Goldfields Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Outback Goldfields Corp (TSXV:OZ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E3V7

Website

https://www.outbackgoldfields.com

Outback Goldfields Corp is an exploration mining company, holding a package of four prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria, Australia. The company acquired certain gold projects located in Victoria, Australia including an exploration license for the Yeungroon Gold Project and a right, title, and interest in a mining joint venture agreement for the Glenfine Gold Project. In addition, three exploration license applications were acquired for the Silver Spoon Orogenic Gold Project.

Executives

Chris Donaldson

Director, Senior Officer