Acme Gold Co (XCNQ:AGE) Total Current Assets : C$0.07 Mil (As of Mar. 2024)

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What is Acme Gold Co Total Current Assets?

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

Acme Gold Co Total Current Assets Historical Data

The historical data trend for Acme Gold Co'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 Gold Co Total Current Assets Chart

Acme Gold Co Annual Data

Trend

Sep21

Sep22

Sep23

Total Current Assets

0.12

0.17

0.11

Acme Gold Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial								0.16	0.13	0.11	0.08	0.07

Acme Gold Co 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 Gold Co'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
	=	0.109	+	0.004	+	0	+	-0.001
	=	0.11

Acme Gold Co'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	+	0.002	+	0	+	0.072
	=	0.07

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 Gold Co (XCNQ:AGE) 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 Gold Co'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	-	0.002	+	0.75 * 0	+	0.5 * 0
=	-0.00

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Acme Gold Co (XCNQ:AGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Acme Gold Co Ltd (XCNQ:AGE) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

992 East 13th Avenue, Vancouver, BC, CAN, V5T 2L6

Website

Acme Gold Co Ltd is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lemon Lake Property.