Abitibi Metals (XCNQ:AMQ) Total Current Assets : C$15.37 Mil (As of Sep. 2024)

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What is Abitibi Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Abitibi Metals's total current assets for the quarter that ended in Sep. 2024 was C$15.37 Mil.

Abitibi Metals Total Current Assets Historical Data

The historical data trend for Abitibi Metals'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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Abitibi Metals Total Current Assets Chart

Abitibi Metals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Current Assets

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1.52

2.05

0.44

1.02

16.78

Abitibi Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															1.02	0.99	12.91	16.78	15.37

Abitibi Metals 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.

Abitibi Metals'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
	=	15.701	+	0.565	+	0	+	0.514
	=	16.78

Abitibi Metals'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
	=	14.759	+	0.328	+	0	+	0.287
	=	15.37

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.

Abitibi Metals (XCNQ:AMQ) 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.

Abitibi Metals'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)
=	14.759	-	4.641	+	0.75 * 0.328	+	0.5 * 0
=	10.36

Abitibi Metals Total Current Assets Related Terms

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Abitibi Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abitibi Metals Corp (XCNQ:AMQ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

AMQFF:USA FW0:Germany

Address

1231 Huron Street, London, ON, CAN, N5Y 4L1

Website

https://www.abitibimetals.com

Abitibi Metals Corp is engaged in the business of acquisition, exploration, and development of base and precious metal mining properties in Ontario and Quebec. Its exploration mineral properties include the Horizon Property, Southern Arm, Quevillon West, Bonanza, Val D'Or North, Bescheferm, and B26. The company has one operating segment involved in the exploration of resource properties. All of its exploration activities are carried out in Canada.

Executives

Jonathon Deluce	10% Security Holder, Director, Senior Officer
Keith James Deluce	10% Security Holder, Director
Quinn Field-dyte	Director, Senior Officer

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