Eco Oro Minerals (Eco Oro Minerals) Total Current Assets : $0.30 Mil (As of Dec. 2023)

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What is Eco Oro Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Eco Oro Minerals's total current assets for the quarter that ended in Dec. 2023 was $0.30 Mil.

Eco Oro Minerals Total Current Assets Historical Data

The historical data trend for Eco Oro Minerals'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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Eco Oro Minerals Total Current Assets Chart

Eco Oro Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1.16

5.65

2.52

0.78

0.30

Eco Oro Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															0.78	0.46	0.30	1.32	0.30

Eco Oro Minerals 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.

Eco Oro Minerals's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.215	+	0.015	+	0	+	0.074
	=	0.30

Eco Oro Minerals'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
	=	0.215	+	0.015	+	0	+	0.074
	=	0.30

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.

Eco Oro Minerals (OTCPK:GYSLF) 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.

Eco Oro Minerals'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)
=	0.215	-	14.302	+	0.75 * 0.015	+	0.5 * 0
=	-14.08

Eco Oro Minerals Total Current Assets Related Terms

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Eco Oro Minerals (Eco Oro Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eco Oro Minerals Corp (OTCPK:GYSLF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

GQQ:Germany EOM:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

http://www.eco-oro.com

Eco Oro Minerals Corp is a Canadian mining and exploration company. Its principal business activities include the acquisition, exploration, and development of mineral assets. The company focuses on the development of the Angostura Project in Northeastern Colombia which consists of the Angostura deposit. It has one reportable segment, being the evaluation and exploration of mineral exploration properties in one geographic region: Colombia.

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