Norseman Gold (LSE:NGL) Total Current Assets : £4.09 Mil (As of Jun. 2014)

View and export this data going back to . Start your Free Trial

What is Norseman Gold Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Norseman Gold's total current assets for the quarter that ended in Jun. 2014 was £4.09 Mil.

Norseman Gold Total Current Assets Historical Data

The historical data trend for Norseman 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.

* Premium members only.

Norseman Gold Total Current Assets Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Total Current Assets

Get a 7-Day Free Trial

14.15

14.34

8.07

8.39

4.09

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Total Current Assets	Get a 7-Day Free Trial			14.15	14.34	8.07	8.39	4.09

Norseman 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.

Norseman Gold's Total Current Assets for the fiscal year that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.718	+	2.081	+	1.177	+	0.11
	=	4.09

Norseman Gold's Total Current Assets for the quarter that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.718	+	2.081	+	1.177	+	0.11
	=	4.09

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.

Norseman Gold (LSE:NGL) 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.

Norseman Gold's Liquidation Value for the quarter that ended in Jun. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.718	-	56.511	+	0.75 * 0	+	0.5 * 1.177
=	-55.20

Norseman Gold Total Current Assets Related Terms

Thank you for viewing the detailed overview of Norseman Gold's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.