TTGXF (Trans Canada Gold) Total Current Assets : $0.43 Mil (As of Sep. 2024)

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What is Trans Canada Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Trans Canada Gold's total current assets for the quarter that ended in Sep. 2024 was $0.43 Mil.

Trans Canada Gold Total Current Assets Historical Data

The historical data trend for Trans Canada 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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Trans Canada Gold Total Current Assets Chart

Trans Canada Gold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Current Assets

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0.40

0.10

0.34

0.41

Trans Canada 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															0.29	0.14	0.17	0.41	0.43

Trans Canada 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.

Trans Canada Gold's Total Current Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.35	+	0.052	+	0	+	0.009
	=	0.41

Trans Canada 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
	=	0.118	+	0.069	+	0	+	0.241
	=	0.43

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.

Trans Canada Gold (OTCPK:TTGXF) 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.

Trans Canada 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)
=	0.118	-	0.337	+	0.75 * 0.069	+	0.5 * 0
=	-0.17

Trans Canada Gold Total Current Assets Related Terms

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Trans Canada Gold Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trans Canada Gold Corp (OTCPK:TTGXF) » Definitions » Total Current Assets

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TTG:Canada

Address

777 Hornby Street, Suite 900, Vancouver, BC, CAN, V6Z 1Z4

Website

https://www.transcanadagold.com

Trans Canada Gold Corp is a gold and mineral exploration and Oil & Gas Resource Development Company. It is focused on developing its District Scale Gold exploration project in Ontario. The company identifies, acquires and finances the acquisition of gold exploration properties and the ongoing development of mining and oil and gas assets. The company operates in two reportable segments, being exploration of mineral assets and petroleum production.