Sitka Gold (TSXV:SIG) Total Current Assets : C$10.64 Mil (As of Sep. 2024)

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What is Sitka Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sitka Gold's total current assets for the quarter that ended in Sep. 2024 was C$10.64 Mil.

Sitka Gold Total Current Assets Historical Data

The historical data trend for Sitka 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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Sitka Gold Total Current Assets Chart

Sitka Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.57

0.81

5.47

4.71

8.17

Sitka Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															4.79	8.17	6.59	4.76	10.64

Sitka 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.

Sitka Gold'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
	=	7.949	+	0.034	+	0	+	0.186
	=	8.17

Sitka Gold's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10.134	+	0.182	+	0	+	0.32
	=	10.64

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.

Sitka Gold (TSXV:SIG) 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.

Sitka Gold's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	10.134	-	3.428	+	0.75 * 0	+	0.5 * 0
=	6.71

Sitka Gold Total Current Assets Related Terms

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Sitka Gold Business Description

Industry

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

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SITKF:USA 1RF:Germany

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.sitkagoldcorp.com

Sitka Gold Corp is engaged in the exploration of mineral resources in Nunavut Canada, Nevada USA and Arizona USA, and Yukon Canada. The company's projects include RC Gold and OGI in Yukon, Burro Creek Gold in Arizona, Alpha Gold in Nevada, OGI Property in Yukon, and Coppermine River in Nunavut.