Usha Resources (TSXV:USHA) Total Current Assets : C$1.84 Mil (As of Dec. 2023)

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What is Usha Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Usha Resources's total current assets for the quarter that ended in Dec. 2023 was C$1.84 Mil.

Usha Resources Total Current Assets Historical Data

The historical data trend for Usha 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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Usha Resources Total Current Assets Chart

Usha Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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0.18

0.43

0.26

1.40

3.25

Usha Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															2.56	2.08	3.25	1.50	1.84

Usha 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.

Usha Resources's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.539	+	0.011	+	0	+	0.695
	=	3.25

Usha Resources's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.352	+	0.186	+	0	+	0.302
	=	1.84

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.

Usha Resources (TSXV:USHA) 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.

Usha Resources's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.352	-	0.202	+	0.75 * 0.186	+	0.5 * 0
=	1.29

Usha Resources Total Current Assets Related Terms

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Usha Resources (TSXV:USHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Usha Resources Ltd (TSXV:USHA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

USHAF:USA JO00:Germany

Address

1575 Kamloops Street, Vancouver, BC, CAN, V5K 3W1

Website

https://www.usharesources.com

Usha Resources Ltd is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consists of Jackpot Lake, a lithium project in Nevada; Nicobat, a nickel-copper-cobalt project in Ontario; and Lost Basin, a gold-copper project in Arizona.

Executives

Navin Kumar Varshney

Director

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