Western Atlas Resources (TSXV:WA) Total Current Assets : C$0.03 Mil (As of Mar. 2024)

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What is Western Atlas Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Western Atlas Resources's total current assets for the quarter that ended in Mar. 2024 was C$0.03 Mil.

Western Atlas Resources Total Current Assets Historical Data

The historical data trend for Western Atlas 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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Western Atlas Resources Total Current Assets Chart

Western Atlas Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1.59

2.56

1.21

0.31

0.06

Western Atlas Resources 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															0.19	0.13	0.09	0.06	0.03

Western Atlas 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.

Western Atlas Resources'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
	=	0.046	+	0.002	+	0	+	0.009
	=	0.06

Western Atlas Resources'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
	=	0.022	+	0.001	+	0	+	0.007
	=	0.03

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.

Western Atlas Resources (TSXV:WA) 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.

Western Atlas Resources'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)
=	0.022	-	0.49	+	0.75 * 0.001	+	0.5 * 0
=	-0.47

Western Atlas Resources Total Current Assets Related Terms

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Western Atlas Resources (TSXV:WA) Business Description

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

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PPZRF:USA

Address

666 Burrard Street, Suite 1700, Park Place, Vancouver, BC, CAN, V6C 2X8

Website

https://www.westernar.com

Western Atlas Resources Inc is a mineral exploration company operating in Canada. It has one reportable operating segment in one country, being the exploration of mineral resource properties in Canada. It is principally engaged in the discovery, acquisition, and development of mineral deposits in premier mining jurisdictions. The projects of the company include the Meadowbank project.

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