Rainy Mountain Royalty (TSXV:RMO) Total Current Assets : C$0.21 Mil (As of Jan. 2024)

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What is Rainy Mountain Royalty Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Rainy Mountain Royalty's total current assets for the quarter that ended in Jan. 2024 was C$0.21 Mil.

Rainy Mountain Royalty Total Current Assets Historical Data

The historical data trend for Rainy Mountain Royalty'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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Rainy Mountain Royalty Total Current Assets Chart

Rainy Mountain Royalty Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Current Assets

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0.03

0.02

0.06

0.37

0.47

Rainy Mountain Royalty Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial															0.72	0.47	0.27	0.26	0.21

Rainy Mountain Royalty 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.

Rainy Mountain Royalty's Total Current Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.449	+	0.011	+	0	+	0.006
	=	0.47

Rainy Mountain Royalty's Total Current Assets for the quarter that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.192	+	0.014	+	0	+	0.008
	=	0.21

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.

Rainy Mountain Royalty (TSXV:RMO) 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.

Rainy Mountain Royalty's Liquidation Value for the quarter that ended in Jan. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.192	-	1.013	+	0.75 * 0.014	+	0.5 * 0
=	-0.81

Rainy Mountain Royalty Total Current Assets Related Terms

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Rainy Mountain Royalty (TSXV:RMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainy Mountain Royalty Corp (TSXV:RMO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

EK7N:Germany

Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

http://www.rmroyalty.com

Rainy Mountain Royalty Corp is a mineral exploration project generator. The company is engaged in acquiring early-stage exploration opportunities and delivering them drill targets ready to joint venture partners. The company currently holds multiple property interests in Ontario and is primarily focused on shear-hosted gold and base metals properties with associated gold and silver credits. Its property portfolio consists of Marshall Lake and other properties.

Executives

Douglas Lawrence Mason

Director, Senior Officer