Christina Lake Cannabis (XCNQ:CLC) Total Current Assets : C$13.84 Mil (As of Nov. 2024)

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What is Christina Lake Cannabis Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Christina Lake Cannabis's total current assets for the quarter that ended in Nov. 2024 was C$13.84 Mil.

Christina Lake Cannabis Total Current Assets Historical Data

The historical data trend for Christina Lake Cannabis'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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Christina Lake Cannabis Total Current Assets Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Total Current Assets

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8.27

9.50

9.52

10.01

13.84

Christina Lake Cannabis Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Total Current Assets	Get a 7-Day Free Trial															10.01	9.14	7.74	12.39	13.84

Christina Lake Cannabis 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.

Christina Lake Cannabis's Total Current Assets for the fiscal year that ended in Nov. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.855	+	1.559	+	10.238	+	0.19
	=	13.84

Christina Lake Cannabis's Total Current Assets for the quarter that ended in Nov. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.855	+	1.559	+	10.238	+	0.19
	=	13.84

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.

Christina Lake Cannabis (XCNQ:CLC) 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.

Christina Lake Cannabis's Liquidation Value for the quarter that ended in Nov. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.855	-	12.573	+	0.75 * 1.559	+	0.5 * 10.238
=	-4.43

Christina Lake Cannabis Total Current Assets Related Terms

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Christina Lake Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (XCNQ:CLC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

CLCFF:USA CLB:Germany

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flowers, oil cannabinoids, and hemp-based extracts and derivatives, serving domestic and international markets.

Executives

Joel Dumaresq	Senior Officer
Raymund Baterina	Senior Officer
Salvatore Milia	Director
Gil Playford	10% Security Holder, Director
Mark Kevin Frank Aiken	Senior Officer

Christina Lake Cannabis Headlines

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