Highrock Resources (XCNQ:HRK) Total Current Assets : C$0.10 Mil (As of Jan. 2024)

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What is Highrock Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Highrock Resources's total current assets for the quarter that ended in Jan. 2024 was C$0.10 Mil.

Highrock Resources Total Current Assets Historical Data

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

Highrock Resources Annual Data

Trend

Jan22

Jan23

Jan24

Total Current Assets

0.13

0.04

0.10

Highrock Resources Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial					0.04	0.22	0.09	0.02	0.10

Highrock 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.

Highrock Resources's Total Current Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.09	+	0.003	+	0	+	0.003
	=	0.10

Highrock Resources'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
	=	0.09	+	0.003	+	0	+	0.003
	=	0.10

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.

Highrock Resources (XCNQ:HRK) 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.

Highrock Resources'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)
=	0.09	-	0.119	+	0.75 * 0.003	+	0.5 * 0
=	-0.03

Highrock Resources Total Current Assets Related Terms

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Highrock Resources (XCNQ:HRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highrock Resources Ltd (XCNQ:HRK) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

Highrock Resources Ltd engages in the exploration and development of mineral properties in British Columbia with a primary focus on gold exploration in British Columbia. It holds an interest in Pathfinder Property.

Executives

Anthony Ralph Roodenburg

Director, Senior Officer

Highrock Resources (XCNQ:HRK) Headlines

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