Pacific Ridge Exploration (TSXV:PEX) Total Current Assets : C$1.72 Mil (As of Mar. 2024)

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What is Pacific Ridge Exploration Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pacific Ridge Exploration's total current assets for the quarter that ended in Mar. 2024 was C$1.72 Mil.

Pacific Ridge Exploration Total Current Assets Historical Data

The historical data trend for Pacific Ridge Exploration'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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Pacific Ridge Exploration Total Current Assets Chart

Pacific Ridge Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.92

0.69

0.72

7.95

0.67

Pacific Ridge Exploration 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															8.06	7.42	2.70	0.67	1.72

Pacific Ridge Exploration 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.

Pacific Ridge Exploration'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
	=	0.542	+	0.081	+	0	+	0.049
	=	0.67

Pacific Ridge Exploration'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
	=	1.644	+	0.011	+	0	+	0.062
	=	1.72

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.

Pacific Ridge Exploration (TSXV:PEX) 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.

Pacific Ridge Exploration'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)
=	1.644	-	0.467	+	0.75 * 0	+	0.5 * 0
=	1.18

Pacific Ridge Exploration Total Current Assets Related Terms

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Pacific Ridge Exploration (TSXV:PEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Ridge Exploration Ltd (TSXV:PEX) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

PEXZF:USA PQWN:Germany

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.pacificridgeexploration.com

Pacific Ridge Exploration Ltd is an exploration stage company engaged in the acquisition and exploration of mineral properties in Canada and the United States. The company explores zinc and gold deposits. Its projects portfolio includes White Gold property located in Yukon that includes Mariposa, Gold Cap, and Eureka Dome; Fyre Lake property located in Yukon and Spius property located in British Columbia.

Executives

Salvador Miranda	Senior Officer
Arie Alisen Page	Senior Officer