Southern Empire Resources (TSXV:SMP) Total Current Assets : C$0.19 Mil (As of Jan. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Southern Empire Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Southern Empire Resources's total current assets for the quarter that ended in Jan. 2024 was C$0.19 Mil.

Southern Empire Resources Total Current Assets Historical Data

The historical data trend for Southern Empire 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.

* Premium members only.

Southern Empire Resources Total Current Assets Chart

Southern Empire Resources Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Current Assets

Get a 7-Day Free Trial

0.42

7.21

4.15

3.07

0.37

Southern Empire Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial															1.99	1.27	0.64	0.37	0.19

Southern Empire 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.

Southern Empire Resources's Total Current Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.244	+	0.086	+	0	+	0.042
	=	0.37

Southern Empire Resources's Total Current Assets for the quarter that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.147	+	0.021	+	0	+	0.02
	=	0.19

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.

Southern Empire Resources (TSXV:SMP) 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.

Southern Empire Resources's Liquidation Value for the quarter that ended in Jan. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.147	-	1.057	+	0.75 * 0.021	+	0.5 * 0
=	-0.89

Southern Empire Resources Total Current Assets Related Terms

Thank you for viewing the detailed overview of Southern Empire Resources's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Southern Empire Resources (TSXV:SMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Empire Resources Corp (TSXV:SMP) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

SMPEF:USA 5RE:Germany

Address

789 West Pender Street, Suite 420, Vancouver, BC, CAN, V6C 1H2

Website

https://www.smp.gold

Southern Empire Resources Corp is a Canadian mining exploration company focused on expanding and developing known high-grade oxide gold deposits at its two properties in the southwestern USA namely Oro Cruz and Eastgate. It also holds an interest in Pedro Gold Project.

Executives

Dale Wallster

Director