Lovisagruvan AB (XSAT:LOVI) Total Current Assets : kr19.70 Mil (As of Mar. 2024)

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What is Lovisagruvan AB Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Lovisagruvan AB's total current assets for the quarter that ended in Mar. 2024 was kr19.70 Mil.

Lovisagruvan AB Total Current Assets Historical Data

The historical data trend for Lovisagruvan AB'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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Lovisagruvan AB Total Current Assets Chart

Lovisagruvan AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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16.37

14.20

8.64

30.41

17.58

Lovisagruvan AB Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Dec18	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															30.10	21.60	20.70	17.58	19.70

Lovisagruvan AB 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.

Lovisagruvan AB'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
	=	0.696	+	2.458	+	14.235	+	0.191
	=	17.58

Lovisagruvan AB'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
	=	0.6	+	0	+	0	+	19.1
	=	19.70

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.

Lovisagruvan AB (XSAT:LOVI) 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.

Lovisagruvan AB'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)
=	0.6	-	59.7	+	0.75 * 0	+	0.5 * 0
=	-59.10

Lovisagruvan AB Total Current Assets Related Terms

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Lovisagruvan AB (XSAT:LOVI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovisagruvan AB (XSAT:LOVI) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

Lokevagen 21, Djursholm, SWE, 182 61

Website

http://www.lovisagruvan.se

Lovisagruvan AB is engaged in the mining and prospecting operations in the area of Strassa, Sweden. It operates a deep mine with lead, zinc and silver mineralization in Strassa, Sweden. The company currently has a production rate of approximately 3500 tonnes per month.

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