Starmet Ventures (XCNQ:STAR) Total Current Assets : C$0.03 Mil (As of Mar. 2024)

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What is Starmet Ventures Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Starmet Ventures's total current assets for the quarter that ended in Mar. 2024 was C$0.03 Mil.

Starmet Ventures Total Current Assets Historical Data

The historical data trend for Starmet Ventures'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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Starmet Ventures Total Current Assets Chart

Starmet Ventures Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

0.16

0.21

0.05

Starmet Ventures Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial						0.20	0.19	0.06	0.05	0.03

Starmet Ventures 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.

Starmet Ventures'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
	=	0.04	+	0.005	+	0	+	0
	=	0.05

Starmet Ventures'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
	=	0.027	+	0.006	+	0	+	0
	=	0.03

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.

Starmet Ventures (XCNQ:STAR) 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.

Starmet Ventures'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)
=	0.027	-	0.265	+	0.75 * 0.006	+	0.5 * 0
=	-0.23

Starmet Ventures Total Current Assets Related Terms

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Starmet Ventures (XCNQ:STAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starmet Ventures Inc (XCNQ:STAR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.303 - 1687 West Broadway, Vancouver, BC, CAN, V6J 1X2

Website

Starmet Ventures Inc engages in the exploration of mineral resource properties with an emphasis on the Property located in Esmeralda County, Nevada. It holds a 100% interest in the JPL Project. It has one reportable operating segment, being the acquisition and exploration of exploration and evaluation assets.

Executives

Ohad David

Director, Senior Officer

Starmet Ventures (XCNQ:STAR) Headlines

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