Portofino Resources (TSXV:POR) Total Current Assets : C$0.18 Mil (As of Feb. 2025)

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What is Portofino Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Portofino Resources's total current assets for the quarter that ended in Feb. 2025 was C$0.18 Mil.

Portofino Resources Total Current Assets Historical Data

The historical data trend for Portofino Resources'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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Portofino Resources Total Current Assets Chart

Portofino Resources Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Total Current Assets

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0.44

0.54

0.28

0.35

0.12

Portofino Resources Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Total Current Assets	Get a 7-Day Free Trial															0.16	0.12	0.21	0.22	0.18

Portofino Resources 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.

Portofino Resources's Total Current Assets for the fiscal year that ended in May. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.044	+	0.077	+	0	+	0.003
	=	0.12

Portofino Resources's Total Current Assets for the quarter that ended in Feb. 2025 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.082	+	0.096	+	0	+	0
	=	0.18

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.

Portofino Resources (TSXV:POR) 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.

Portofino Resources's Liquidation Value for the quarter that ended in Feb. 2025 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.082	-	1.742	+	0.75 * 0.086	+	0.5 * 0
=	-1.60

Portofino Resources Total Current Assets Related Terms

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Portofino Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Portofino Resources Inc (TSXV:POR) » Definitions » Total Current Assets

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PFFOF:USA POTA:Germany

Address

470 Granville Street, Suite 520, Vancouver, BC, CAN, V6C 1V5

Website

https://www.portofinoresources.com

Portofino Resources Inc is engaged in the acquisition, exploration, and development of mineral property assets in the Americas. Its South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario. In addition, it holds interest in three Northwestern Ontario gold projects; the Gold Creek property, Sapawe West property and Melema West property located near Atikokan. It also shows interest in the Yergo Lithium Brine Project.

Executives