Atco Mining (XCNQ:ATCM) Total Current Assets : C$1.71 Mil (As of Mar. 2024)

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What is Atco Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Atco Mining's total current assets for the quarter that ended in Mar. 2024 was C$1.71 Mil.

Atco Mining Total Current Assets Historical Data

The historical data trend for Atco Mining'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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Atco Mining Total Current Assets Chart

Atco Mining Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

0.31

0.84

1.26

Atco Mining Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial						1.38	0.90	1.43	1.26	1.71

Atco Mining 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.

Atco Mining'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
	=	1.131	+	0	+	0	+	0.128
	=	1.26

Atco Mining'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
	=	1.471	+	0	+	0	+	0.242
	=	1.71

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.

Atco Mining (XCNQ:ATCM) 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.

Atco Mining'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)
=	1.471	-	0.992	+	0.75 * 0	+	0.5 * 0
=	0.48

Atco Mining Total Current Assets Related Terms

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Atco Mining (XCNQ:ATCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atco Mining Inc (XCNQ:ATCM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

QP9:Germany

Address

885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.atcomining.com

Atco Mining Inc is in the exploration stage and its principal business activity is sourcing and exploration of mineral properties. It holds an interest in May Lake and Newfoundland and Labrador Project.

Executives

Transcend Capital Inc.

10% Security Holder

Atco Mining (XCNQ:ATCM) Headlines

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