Torrent Gold (XCNQ:TGLD) Total Current Assets : C$0.05 Mil (As of Oct. 2024)

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What is Torrent Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Torrent Gold's total current assets for the quarter that ended in Oct. 2024 was C$0.05 Mil.

Torrent Gold Total Current Assets Historical Data

The historical data trend for Torrent Gold'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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Torrent Gold Total Current Assets Chart

Torrent Gold Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Current Assets

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0.59

0.11

1.04

0.45

0.10

Torrent Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Current Assets	Get a 7-Day Free Trial															0.10	0.10	0.06	0.05	0.05

Torrent Gold 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.

Torrent Gold's Total Current Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.076	+	0.02	+	0	+	0
	=	0.10

Torrent Gold's Total Current Assets for the quarter that ended in Oct. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.046	+	0.003	+	0	+	0
	=	0.05

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.

Torrent Gold (XCNQ:TGLD) 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.

Torrent Gold's Liquidation Value for the quarter that ended in Oct. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.046	-	0.021	+	0.75 * 0	+	0.5 * 0
=	0.03

Torrent Gold Total Current Assets Related Terms

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Torrent Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torrent Gold Inc (XCNQ:TGLD) » Definitions » Total Current Assets

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RV0:Germany

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.torrentgoldinc.com

Torrent Gold Inc is engaged in acquiring and exploring mineral properties in Canada and the United States. The company is exploring its grassroots Clover Mountain gold property in Idaho and recently acquired six early-stage gold exploration projects in Nevada and Utah from Liberty Gold. The company is exploring epithermal gold, and silver mineralization on the Silver Star Property.

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