Elemental Altus Royalties (TSXV:ELE) Total Current Assets : C$25.20 Mil (As of Dec. 2023)

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What is Elemental Altus Royalties Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Elemental Altus Royalties's total current assets for the quarter that ended in Dec. 2023 was C$25.20 Mil.

Elemental Altus Royalties Total Current Assets Historical Data

The historical data trend for Elemental Altus Royalties'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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Elemental Altus Royalties Total Current Assets Chart

Elemental Altus Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

1.72

15.55

10.87

54.66

25.20

Elemental Altus Royalties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial														54.66	48.66	44.68	43.38	25.20

Elemental Altus Royalties 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.

Elemental Altus Royalties'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
	=	15.143	+	9.508	+	0	+	0.55
	=	25.20

Elemental Altus Royalties's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	15.143	+	9.508	+	0	+	0.55
	=	25.20

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.

Elemental Altus Royalties (TSXV:ELE) 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.

Elemental Altus Royalties's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	15.143	-	45.243	+	0.75 * 4.616	+	0.5 * 0
=	-26.64

Elemental Altus Royalties Total Current Assets Related Terms

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Elemental Altus Royalties (TSXV:ELE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elemental Altus Royalties Corp (TSXV:ELE) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

ELEMF:USA T8S:Germany

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.elementalaltus.com

Elemental Altus Royalties Corp is a mining royalty company. Its asset portfolio includes Wahgnion, Kwale, MT Pleasant, Panton Sill, and Amancaya among others.

Executives

David Christopher Baker	Senior Officer
Frederick Augustus Ronald Peter Mcmillan Bell	Director, Senior Officer

Elemental Altus Royalties (TSXV:ELE) Headlines

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