Arian Resources (Arian Resources) Total Current Assets : $0.05 Mil (As of Nov. 2016)

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What is Arian Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Arian Resources's total current assets for the quarter that ended in Nov. 2016 was $0.05 Mil.

Arian Resources Total Current Assets Historical Data

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

Arian Resources Annual Data

Trend

May07

May08

May09

May10

May11

May12

May13

May14

May15

May16

Total Current Assets

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0.09

0.76

1.39

0.10

0.03

Arian Resources Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Total Current Assets	Get a 7-Day Free Trial															0.29	0.26	0.03	0.04	0.05

Arian 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.

Arian Resources's Total Current Assets for the fiscal year that ended in May. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.003	+	0.029	+	0	+	0.001
	=	0.03

Arian Resources's Total Current Assets for the quarter that ended in Nov. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0.048	+	0	+	-0.001
	=	0.05

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.

Arian Resources (OTCPK:GNHRF) 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.

Arian Resources's Liquidation Value for the quarter that ended in Nov. 2016 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.004	-	3.222	+	0.75 * 0	+	0.5 * 0
=	-3.22

Arian Resources Total Current Assets Related Terms

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Arian Resources (Arian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arian Resources Corp (OTCPK:GNHRF) » Definitions » Total Current Assets

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Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

http://www.arianresources.com

Arian Resources Corp is a mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, platinum group elements, chromite, and copper ores. It holds interests in Albanian exploration projects located in Northern Albania and also owns interest in a copper mining exploitation permit located in Albania. It operates through Mineral exploration segment and generates revenue from the same.

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