Cumberland Resources Nickel (XCNQ:LAND) Total Current Assets : C$0.12 Mil (As of Jun. 2024)

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What is Cumberland Resources Nickel Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Cumberland Resources Nickel's total current assets for the quarter that ended in Jun. 2024 was C$0.12 Mil.

Cumberland Resources Nickel Total Current Assets Historical Data

The historical data trend for Cumberland Resources Nickel'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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Cumberland Resources Nickel Total Current Assets Chart

Cumberland Resources Nickel Annual Data

Trend

Sep21

Sep22

Sep23

Total Current Assets

0.04

0.61

0.20

Cumberland Resources Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Current Assets	Get a 7-Day Free Trial									0.22	0.20	0.15	0.12	0.12

Cumberland Resources Nickel 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.

Cumberland Resources Nickel's Total Current Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.198	+	0	+	0	+	0
	=	0.20

Cumberland Resources Nickel's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.117	+	0	+	0	+	0
	=	0.12

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.

Cumberland Resources Nickel (XCNQ:LAND) 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.

Cumberland Resources Nickel's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.117	-	0.051	+	0.75 * 0	+	0.5 * 0
=	0.07

Cumberland Resources Nickel Total Current Assets Related Terms

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Cumberland Resources Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cumberland Resources Nickel Corp (XCNQ:LAND) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

Cumberland Resources Nickel Corp is focused on exploring and developing its mineral properties. It holds a 100% interest in the St. Anthony Property located in Newfoundland, Canada.