First Lithium Minerals (XCNQ:FLM) Total Current Assets : C$2.35 Mil (As of Sep. 2024)

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What is First Lithium Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. First Lithium Minerals's total current assets for the quarter that ended in Sep. 2024 was C$2.35 Mil.

First Lithium Minerals Total Current Assets Historical Data

The historical data trend for First Lithium Minerals'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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First Lithium Minerals Total Current Assets Chart

First Lithium Minerals Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

0.32

4.36

3.06

First Lithium Minerals Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial									3.35	3.06	2.83	2.58	2.35

First Lithium Minerals 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.

First Lithium Minerals'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
	=	2.853	+	0.096	+	0	+	0.109
	=	3.06

First Lithium Minerals'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
	=	2.225	+	0.03	+	0	+	0.098
	=	2.35

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.

First Lithium Minerals (XCNQ:FLM) 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.

First Lithium Minerals'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)
=	2.225	-	0.437	+	0.75 * 0	+	0.5 * 0
=	1.79

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First Lithium Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Lithium Minerals Corp (XCNQ:FLM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

FLMCF:USA X28:Germany

Address

77 King Street West, North Tower, Suite 3000, P.O. Box 95, Td Centre, Toronto, ON, CAN, M5K 1G8

Website

https://www.firstlithium.ca

First Lithium Minerals Corp is a mineral exploration company. The company's projects include the OCA Project in Northern Chile, the LSL Project located in Ontario, the Lucia project in Chile, the Jenna project in Chile, the Senneville project in Quebec, and the Lidstone Project in Ontario.

Executives

Robert Saltsman	10% Security Holder, Director, Senior Officer
Peter Edward Espig	Director
Ernest Mast Mast	Director

First Lithium Minerals Headlines

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