Minas Metals (XCNQ:MINA) Total Current Assets : C$0.10 Mil (As of Oct. 2023)

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What is Minas Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Minas Metals's total current assets for the quarter that ended in Oct. 2023 was C$0.10 Mil.

Minas Metals Total Current Assets Historical Data

The historical data trend for Minas Metals'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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Minas Metals Total Current Assets Chart

Minas Metals Annual Data

Trend

Jan22

Jan23

Total Current Assets

1.92

0.17

Minas Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Current Assets	Get a 7-Day Free Trial						0.52	0.17	0.07	0.10	0.10

Minas Metals 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.

Minas Metals'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
	=	0.113	+	0.041	+	0	+	0.013
	=	0.17

Minas Metals'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
	=	0.02	+	0.058	+	0	+	0.02
	=	0.10

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.

Minas Metals (XCNQ:MINA) 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.

Minas Metals'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)
=	0.02	-	0.387	+	0.75 * 0	+	0.5 * 0
=	-0.37

Minas Metals Total Current Assets Related Terms

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Minas Metals (XCNQ:MINA) Business Description

Industry

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

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Traded in Other Exchanges

1J1:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.minasmetals.ca

Minas Metals Ltd is a Canadian junior mining exploration company exploring its flagship Cracker Creek gold project in northeastern Oregon, USA, and battery metal projects in Minas Gerais state of Brazil, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.

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