Gold Port (XCNQ:GPO) Total Current Assets : C$2.68 Mil (As of Mar. 2024)

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What is Gold Port Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Gold Port's total current assets for the quarter that ended in Mar. 2024 was C$2.68 Mil.

Gold Port Total Current Assets Historical Data

The historical data trend for Gold Port'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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Gold Port Total Current Assets Chart

Gold Port Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.25

7.74

5.50

3.60

2.54

Gold Port Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															3.50	3.18	2.93	2.54	2.68

Gold Port 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.

Gold Port'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
	=	2.489	+	0.049	+	0	+	0
	=	2.54

Gold Port's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.637	+	0.041	+	0	+	0
	=	2.68

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.

Gold Port (XCNQ:GPO) 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.

Gold Port's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.637	-	0.302	+	0.75 * 0	+	0.5 * 0
=	2.34

Gold Port Total Current Assets Related Terms

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Gold Port (XCNQ:GPO) Business Description

Industry

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

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Traded in Other Exchanges

GPOTF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.goldportcorporation.com

Gold Port Corp is a gold exploration company focused on Guyana, South America. The company owns the Groete Creek Gold Project located in the prolific Guiana Shield, which is home to some of the world's largest gold deposits. Combined with the Akaiwong and Tamberlin gold exploration projects, both in Guyana, Gold Port holds an exciting inventory of exploration and development stage gold projects. It operates in a single reportable operating segment which is exploration and evaluation assets in Guyana and Canada.

Executives

Adrian Frederick Codrington Hobkirk

Director, Senior Officer

Gold Port (XCNQ:GPO) Headlines

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