Wedgemount Resources (XCNQ:WDGY) Total Current Assets : C$0.85 Mil (As of Jan. 2025)

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What is Wedgemount Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Wedgemount Resources's total current assets for the quarter that ended in Jan. 2025 was C$0.85 Mil.

Wedgemount Resources Total Current Assets Historical Data

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

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Total Current Assets

1.64

0.40

1.35

0.41

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Total Current Assets	Get a 7-Day Free Trial												0.76	0.78	0.41	0.95	0.85

Wedgemount 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.

Wedgemount Resources's Total Current Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.099	+	0.149	+	0.155	+	0.011
	=	0.41

Wedgemount Resources's Total Current Assets for the quarter that ended in Jan. 2025 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.311	+	0.127	+	0.387	+	0.022
	=	0.85

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.

Wedgemount Resources (XCNQ:WDGY) 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.

Wedgemount Resources's Liquidation Value for the quarter that ended in Jan. 2025 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.311	-	14.047	+	0.75 * 0.102	+	0.5 * 0.387
=	-13.47

Wedgemount Resources Total Current Assets Related Terms

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Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (XCNQ:WDGY) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

WDGRF:USA

Address

2303 Lawson Avenue, West Vancouver, Vancouver, BC, CAN, V7V 2E5

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development and operation of petroleum and natural gas in the U.S.A. The company's project includes Willowbend, TCS and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.

Executives

Steven Edward Vanry	Senior Officer
Mark Andrew Vanry	10% Security Holder, Director, Senior Officer
Richard Sean Barth	Director

Wedgemount Resources Headlines

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