i-80 Gold (TSX:IAU) Total Current Assets : C$53.62 Mil (As of Mar. 2024)

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What is i-80 Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. i-80 Gold's total current assets for the quarter that ended in Mar. 2024 was C$53.62 Mil.

i-80 Gold Total Current Assets Historical Data

The historical data trend for i-80 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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i-80 Gold Total Current Assets Chart

i-80 Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

155.52

105.02

53.41

i-80 Gold Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial											119.40	66.12	91.40	53.41	53.62

i-80 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.

i-80 Gold'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
	=	21.837	+	5.79	+	15.277	+	10.509
	=	53.41

i-80 Gold'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
	=	17.719	+	2.809	+	24.217	+	8.877
	=	53.62

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.

i-80 Gold (TSX:IAU) 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.

i-80 Gold'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)
=	17.719	-	398.903	+	0.75 * 2.809	+	0.5 * 24.217
=	-366.97

i-80 Gold Total Current Assets Related Terms

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i-80 Gold (TSX:IAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » i-80 Gold Corp (TSX:IAU) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

IAUX:USA 8JI:Germany

Address

1100 Russell Street, Thunder Bay, ON, CAN, P7B 5N2

Website

https://www.i80gold.com

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

Executives

John Seaman

Director