Demesne Resources (XCNQ:DEME) Total Current Assets : C$0.02 Mil (As of Sep. 2024)

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What is Demesne Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Demesne Resources's total current assets for the quarter that ended in Sep. 2024 was C$0.02 Mil.

Demesne Resources Total Current Assets Historical Data

The historical data trend for Demesne 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.

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Demesne Resources Total Current Assets Chart

Demesne Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

0.24

0.06

0.13

Demesne Resources Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial								0.22	0.13	0.09	0.04	0.02

Demesne 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.

Demesne Resources's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.11	+	0.015	+	0	+	0.008
	=	0.13

Demesne Resources'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
	=	0.006	+	0.018	+	0	+	0
	=	0.02

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.

Demesne Resources (XCNQ:DEME) 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.

Demesne Resources'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)
=	0.006	-	0.134	+	0.75 * 0	+	0.5 * 0
=	-0.13

Demesne Resources Total Current Assets Related Terms

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Demesne Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Demesne Resources Ltd (XCNQ:DEME) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

335 - 1632 Dickson Avenue, Kelowna, BC, CAN, V1Y 7T2

Website

Demesne Resources Ltd is engaged in the acquisition, exploration, and evaluation of mineral property. The principal business is the acquisition and exploration of mineral properties, with a focus on mineral properties located in British Columbia. It holds an interest in Star Project. It has one reportable operating segment, being the acquisition and exploration of mineral properties in Canada.

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