Nordique Resources (XCNQ:NORD) Total Current Assets : C$0.12 Mil (As of Dec. 2023)

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What is Nordique Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nordique Resources's total current assets for the quarter that ended in Dec. 2023 was C$0.12 Mil.

Nordique Resources Total Current Assets Historical Data

The historical data trend for Nordique 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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Nordique Resources Total Current Assets Chart

Nordique Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

0.41

1.76

0.32

0.12

Nordique Resources Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial									0.32	0.15	0.20	0.25	0.12

Nordique 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.

Nordique 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
	=	0.12	+	0	+	0	+	0
	=	0.12

Nordique Resources's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

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

Nordique Resources (XCNQ:NORD) 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.

Nordique Resources's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.12	-	0.067	+	0.75 * 0	+	0.5 * 0
=	0.05

Nordique Resources Total Current Assets Related Terms

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Nordique Resources (XCNQ:NORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordique Resources Inc (XCNQ:NORD) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

BRCGF:USA

Address

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

Website

https://www.brascanresources.com

Nordique Resources Inc Formerly Brascan Resources Inc is engaged in the identification, exploration and development of mineral resources, specifically focusing on lithium and gold exploration activities on its properties in Newfoundland and Brazil. It is a mineral exploration company mainly focused on gold, lithium and battery materials.

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