New Break Resources (XCNQ:NBRK) Total Current Assets : C$0.09 Mil (As of Sep. 2024)

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What is New Break Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. New Break Resources's total current assets for the quarter that ended in Sep. 2024 was C$0.09 Mil.

New Break Resources Total Current Assets Historical Data

The historical data trend for New Break Resources'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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New Break Resources Total Current Assets Chart

New Break Resources Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

1.27

0.60

0.44

New Break Resources 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									0.34	0.44	0.26	0.10	0.09

New Break Resources 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.

New Break Resources'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
	=	0.212	+	0.214	+	0	+	0.018
	=	0.44

New Break Resources'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
	=	0.052	+	0.023	+	0	+	0.019
	=	0.09

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.

New Break Resources (XCNQ:NBRK) 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.

New Break Resources'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)
=	0.052	-	0.216	+	0.75 * 0	+	0.5 * 0
=	-0.16

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New Break Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.newbreakresources.ca

New Break Resources Ltd is a Canadian mineral exploration company with a dual vision for value creation. In northern Ontario, New Break is focused on its Moray Project, in a well-established mining camp, within proximity to existing infrastructure, while through its highly prospective Nunavut properties that include the Sundog and Esker Projects, it provides shareholders with exposure to the vast potential for exploration success in one of the most up and coming regions in Canada for gold exploration and production.

Executives

Ross Quigley	10% Security Holder
Michael Hugh Farrant	Senior Officer
William Donald Love	Senior Officer
Gordon Garfield Morrison	Director
Andrew Frederic De Paula Malim	Director

New Break Resources Headlines

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