ACME Lithium (XCNQ:ACME) Total Current Assets : C$0.41 Mil (As of Dec. 2023)

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What is ACME Lithium Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. ACME Lithium's total current assets for the quarter that ended in Dec. 2023 was C$0.41 Mil.

ACME Lithium Total Current Assets Historical Data

The historical data trend for ACME Lithium'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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ACME Lithium Total Current Assets Chart

ACME Lithium Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Current Assets

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0.05

3.00

9.99

0.43

ACME Lithium 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															9.99	8.62	5.05	0.43	0.41

ACME Lithium 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.

ACME Lithium's Total Current Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.293	+	0.039	+	0	+	0.099
	=	0.43

ACME Lithium'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
	=	0.325	+	0.027	+	0	+	0.054
	=	0.41

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.

ACME Lithium (XCNQ:ACME) 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.

ACME Lithium'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)
=	0.325	-	0.574	+	0.75 * 0	+	0.5 * 0
=	-0.25

ACME Lithium Total Current Assets Related Terms

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ACME Lithium (XCNQ:ACME) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACME Lithium Inc (XCNQ:ACME) » Definitions » Total Current Assets

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ACLHF:USA

Address

318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1

Website

https://www.acmelithium.com

ACME Lithium Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake, and Bailey lake.

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