Rush Rare Metals (XCNQ:RSH) Total Current Assets : C$0.73 Mil (As of Mar. 2024)

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What is Rush Rare Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Rush Rare Metals's total current assets for the quarter that ended in Mar. 2024 was C$0.73 Mil.

Rush Rare Metals Total Current Assets Historical Data

The historical data trend for Rush Rare 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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Rush Rare Metals Total Current Assets Chart

Rush Rare Metals Annual Data

Trend

Jun22

Jun23

Total Current Assets

0.30

0.46

Rush Rare Metals Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial			0.67	0.46	0.32	0.47	0.73

Rush Rare 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.

Rush Rare Metals's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.418	+	0.018	+	0	+	0.023
	=	0.46

Rush Rare Metals'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
	=	0.699	+	0.015	+	0	+	0.016
	=	0.73

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.

Rush Rare Metals (XCNQ:RSH) 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.

Rush Rare Metals'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)
=	0.699	-	0.039	+	0.75 * 0	+	0.5 * 0
=	0.66

Rush Rare Metals Total Current Assets Related Terms

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Rush Rare Metals (XCNQ:RSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rush Rare Metals Corp (XCNQ:RSH) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

K9A:Germany

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.rushraremetals.com

Rush Rare Metals Corp is a mineral exploration company focused on its Boxi Property located in the Province of Quebec, Canada. The company also owns the Copper Mountain Project located in Wyoming, USA.

Rush Rare Metals (XCNQ:RSH) Headlines

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