QNB Metals (XCNQ:TIM.X) Total Current Assets : C$0.08 Mil (As of Jan. 2024)

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What is QNB Metals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. QNB Metals's total current assets for the quarter that ended in Jan. 2024 was C$0.08 Mil.

QNB Metals Total Current Assets Historical Data

The historical data trend for QNB 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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QNB Metals Total Current Assets Chart

QNB Metals Annual Data

Trend

Apr21

Apr22

Apr23

Total Current Assets

0.25

0.04

QNB Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial							0.05	0.04	0.05	0.09	0.08

QNB 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.

QNB Metals's Total Current Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.038	+	0	+	0.001
	=	0.04

QNB Metals's Total Current Assets for the quarter that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.022	+	0.057	+	0	+	0.001
	=	0.08

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.

QNB Metals (XCNQ:TIM.X) 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.

QNB Metals's Liquidation Value for the quarter that ended in Jan. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.022	-	0.395	+	0.75 * 0.057	+	0.5 * 0
=	-0.33

QNB Metals Total Current Assets Related Terms

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QNB Metals (XCNQ:TIM.X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » QNB Metals Inc (XCNQ:TIM.X) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Sherbrooke Street West, No. 2700, Montreal, QC, CAN, H3A 3G4

Website

QNB Metals Inc is an exploration and development company engaged in the exploration of the Lac La Chesnaye Property, Goodwin Lake property, and North West Miramichi property located in the province of Quebec, Canada.

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