Goldshore Resources (TSXV:GSHR) Total Current Assets : C$4.76 Mil (As of Mar. 2024)

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What is Goldshore Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Goldshore Resources's total current assets for the quarter that ended in Mar. 2024 was C$4.76 Mil.

Goldshore Resources Total Current Assets Historical Data

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

Goldshore Resources Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Current Assets

0.02

17.70

13.42

1.85

Goldshore Resources Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial								5.27	1.85	3.18	-	4.76

Goldshore 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.

Goldshore Resources's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.238	+	0.242	+	0	+	0.366
	=	1.85

Goldshore Resources'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
	=	4.554	+	0.141	+	0	+	0.064
	=	4.76

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.

Goldshore Resources (TSXV:GSHR) 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.

Goldshore Resources'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)
=	4.554	-	12.845	+	0.75 * 0	+	0.5 * 0
=	-8.29

Goldshore Resources Total Current Assets Related Terms

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Goldshore Resources (TSXV:GSHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldshore Resources Inc (TSXV:GSHR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

GSHRF:USA 8X00:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldshoreresources.com

Goldshore Resources Inc is a Canadian company engaged into the business of gold exploration. It's main operating segment is in Canada. The company owns the Moss Lake Gold Project located in Ontario.

Executives

Peter Alan Flindell

Senior Officer

Goldshore Resources (TSXV:GSHR) Headlines

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