Cavalier Resources (ASX:CVR) Total Current Assets : A$1.10 Mil (As of Dec. 2023)

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What is Cavalier Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Cavalier Resources's total current assets for the quarter that ended in Dec. 2023 was A$1.10 Mil.

Cavalier Resources Total Current Assets Historical Data

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

Cavalier Resources Annual Data

Trend

Jun22

Jun23

Total Current Assets

4.50

1.98

Cavalier Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	6.56	4.50	-	1.98	1.10

Cavalier 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.944	+	0.014	+	0	+	0.018
	=	1.98

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.062	+	0.033	+	0	+	0
	=	1.10

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.

Cavalier Resources (ASX:CVR) 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.

Cavalier Resources's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.062	-	0.09	+	0.75 * 0.033	+	0.5 * 0
=	1.00

Cavalier Resources Total Current Assets Related Terms

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Cavalier Resources (ASX:CVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cavalier Resources Ltd (ASX:CVR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.cavalierresources.com.au

Cavalier Resources Ltd is focused on identifying and acquiring prospective mineral exploration projects. The company owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralization. The company has a single geographical location i.e. Australia.