Irving Resources (XCNQ:IRV) Total Current Assets : C$6.70 Mil (As of Nov. 2023)

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What is Irving Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Irving Resources's total current assets for the quarter that ended in Nov. 2023 was C$6.70 Mil.

Irving Resources Total Current Assets Historical Data

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

Irving Resources Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Current Assets

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6.65

13.11

8.89

9.76

11.03

Irving Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Current Assets	Get a 7-Day Free Trial															14.13	11.03	8.93	8.41	6.70

Irving 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10.909	+	0.009	+	0	+	0.109
	=	11.03

Irving Resources's Total Current Assets for the quarter that ended in Nov. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	6.575	+	0.033	+	0	+	0.090999999999999
	=	6.70

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.

Irving Resources (XCNQ:IRV) 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.

Irving Resources's Liquidation Value for the quarter that ended in Nov. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.575	-	0.525	+	0.75 * 0.033	+	0.5 * 0
=	6.07

Irving Resources Total Current Assets Related Terms

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Irving Resources (XCNQ:IRV) Business Description

Industry

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

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Traded in Other Exchanges

IRVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.irvresources.com

Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include Omu Project, Yamagano Project and Others.

Executives

Douglas B. Buchanan

Director

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