Avventura Resources (XCNQ:AA) Total Current Assets: C$0.07 Mil (As of Jun. 2024)

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What is Avventura Resources Total Current Assets?

Avventura Resources XCNQ:AA Total Current Assets is C$0.07 Mil as of Jun. 2024.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Avventura Resources's total current assets for the quarter that ended in Jun. 2024 was C$0.07 Mil.

Avventura Resources  (XCNQ:AA) 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.

Avventura Resources's Liquidation Value for the quarter that ended in Jun. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.064-0.185+0.75 * 0+0.5 * 0
=-0.12

* 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.

Avventura Resources Total Current Assets Related Terms

Avventura Resources Total Current Assets Historical Data

* Premium members only.

The historical data trend for Avventura 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.

Avventura Resources Total Current Assets Chart

Avventura Resources Annual Data
Trend Dec22
Total Current Assets
0.15

Avventura Resources Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Current Assets Get a 7-Day Free Trial Premium Member Only 0.06 0.04 0.02 0.01 0.07

Avventura 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.

Avventura Resources's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.15+0+0+0.004
=0.15

Avventura Resources's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.064+0.004+0+0.001
=0.07

* 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.

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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of C$0.07 Mil mean?
Avventura Resources (XCNQ:AA) has a Total Current Assets of C$0.07 Mil as of Jun. 2024. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Avventura Resources and its competitors.
Is Avventura Resources' Total Current Assets too high?
Avventura Resources' current Total Current Assets is C$0.07 Mil.
How does Avventura Resources' Total Current Assets compare to ?
Avventura Resources' Total Current Assets of C$0.07 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for a Metals & Mining company?
A good Total Current Assets depends on the Metals & Mining industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Avventura Resources and its competitors. Avventura Resources's current Total Current Assets is C$0.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avventura Resources stock overvalued right now?
Avventura Resources (XCNQ:AA) has a current Total Current Assets of C$0.07 Mil. The current Total Current Assets is C$0.07 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For Avventura Resources (XCNQ:AA), the current Total Current Assets is C$0.07 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Avventura Resources Business Description

Comparable Companies
Address 9285-203B Street, Langley, BC, CAN, V1M 2L9
Avventura Resources Ltd is engaged in the acquisition and exploration of mineral properties. The Company currently has the option to acquire a one hundred percent (100%) undivided interest in the Horwood Property. The Horwood Property is comprised of two hundred and ninety-six mining claim cells, arranged into forty-five Multicell Claims which form two non-contiguous blocks, covering a total area of 68.36 km2 after accommodating for overlaps with private patented claims located in Horwood and Silk Townships in the Sudbury District of Ontario, approximately 90 kilometers southwest of Timmins in a straight line. Its exploration program will be principally focused on gold exploration.