Four Nines Gold (XCNQ:FNAU) Total Current Assets : C$0.05 Mil (As of Oct. 2023)

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What is Four Nines Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Four Nines Gold's total current assets for the quarter that ended in Oct. 2023 was C$0.05 Mil.

Four Nines Gold Total Current Assets Historical Data

The historical data trend for Four Nines Gold'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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Four Nines Gold Total Current Assets Chart

Four Nines Gold Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Current Assets

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0.82

0.72

0.39

1.03

0.27

Four Nines Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Current Assets	Get a 7-Day Free Trial															0.46	0.27	0.10	0.03	0.05

Four Nines Gold 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.

Four Nines Gold's Total Current Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.246	+	0.002	+	0	+	0.017
	=	0.27

Four Nines Gold's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.022	+	0.006	+	0	+	0.018
	=	0.05

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.

Four Nines Gold (XCNQ:FNAU) 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.

Four Nines Gold's Liquidation Value for the quarter that ended in Oct. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.022	-	0.247	+	0.75 * 0	+	0.5 * 0
=	-0.23

Four Nines Gold Total Current Assets Related Terms

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Four Nines Gold (XCNQ:FNAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Four Nines Gold Inc (XCNQ:FNAU) » Definitions » Total Current Assets

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Traded in Other Exchanges

FNAUF:USA

Address

409 Granville Street, Suite 1000, Harmony Corporate Services, Vancouver, BC, CAN, V6C 1T2

Website

http://www.fourninesgold.ca

Four Nines Gold Inc is engaged in exploration activity. Its project includes the Bonneville Property and Lassen Property.

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