Pegmatite One Lithium and Gold (XCNQ:PGA) Total Current Assets : C$0.20 Mil (As of Feb. 2024)

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What is Pegmatite One Lithium and Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pegmatite One Lithium and Gold's total current assets for the quarter that ended in Feb. 2024 was C$0.20 Mil.

Pegmatite One Lithium and Gold Total Current Assets Historical Data

The historical data trend for Pegmatite One Lithium and Gold'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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Pegmatite One Lithium and Gold Total Current Assets Chart

Pegmatite One Lithium and Gold Annual Data

Trend

Aug21

Aug22

Aug23

Total Current Assets

0.14

0.12

0.31

Pegmatite One Lithium and Gold Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial							0.29	0.24	0.31	0.13	0.20

Pegmatite One Lithium and Gold 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.

Pegmatite One Lithium and Gold's Total Current Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.258	+	0.032	+	0	+	0.02
	=	0.31

Pegmatite One Lithium and Gold's Total Current Assets for the quarter that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.056	+	0.137	+	0	+	0.002
	=	0.20

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.

Pegmatite One Lithium and Gold (XCNQ:PGA) 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.

Pegmatite One Lithium and Gold's Liquidation Value for the quarter that ended in Feb. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.056	-	0.261	+	0.75 * 0.137	+	0.5 * 0
=	-0.10

Pegmatite One Lithium and Gold Total Current Assets Related Terms

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Pegmatite One Lithium and Gold (XCNQ:PGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pegmatite One Lithium and Gold Corp (XCNQ:PGA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.madiminerals.com

Pegmatite One Lithium and Gold Corp, formerly Madi Minerals Ltd is focused entirely on gold exploration in British Columbia. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration. The company includes two projects in the there portfolio: the Georgina Project and Morrison River Property.

Pegmatite One Lithium and Gold (XCNQ:PGA) Headlines

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