Rare Element Resources (Rare Element Resources) Total Current Assets : $41.61 Mil (As of Mar. 2024)

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What is Rare Element Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Rare Element Resources's total current assets for the quarter that ended in Mar. 2024 was $41.61 Mil.

Rare Element Resources Total Current Assets Historical Data

The historical data trend for Rare Element 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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Rare Element Resources Total Current Assets Chart

Rare Element Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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5.70

2.75

25.13

17.98

9.75

Rare Element Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															16.10	13.51	10.47	9.75	41.61

Rare Element 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.

Rare Element Resources'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
	=	3.633	+	2.179	+	0	+	3.938
	=	9.75

Rare Element Resources's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	38.133	+	0.628	+	0	+	2.853
	=	41.61

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.

Rare Element Resources (OTCPK:REEMF) 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.

Rare Element Resources's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	38.133	-	2.57	+	0.75 * 0	+	0.5 * 0
=	35.56

Rare Element Resources Total Current Assets Related Terms

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Rare Element Resources (Rare Element Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Element Resources Ltd (OTCPK:REEMF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 271049, Littleton, CO, USA, 80127

Website

http://www.rareelementresources.com

Rare Element Resources Ltd is a mineral resource company. It focuses on the exploration and development of rare-earth element deposits that carry a favorable distribution of critical rare earth. The company is advancing the development of the 100% owned Bear Lodge REE Project, located in northeast Wyoming.

Executives

Paul Joseph Hickey	director	803 MYLAR PARK DRIVE, CHEYENNE WY 82009
Brent Berg	officer: President and CEO	9384 EAST DIANNA DRIVE, GOLD CANYON AZ 85118
Nicole J. Champine	director	7800 EAST DORADO PLACE, GREENWOOD VILLAGE CO 80111
Wayne Rich	officer: Chief Financial Officer	600 SEVENTEENTH STREET, SUITE 2800 SOUTH, DENVER CO 80202
Lowell A Shonk	director	225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228
Randall John Scott	officer: President and CEO	C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228
Paul John Schlauch	director	C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228
Gerald W Grandey	director	225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228
Barton S Brundage	director	11700 PINE CANYON POINT, PARKER CO 80138
Kenneth J. Mushinski	director	3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
David I Roberts	director	3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
General Atomic Technologies Corp	10 percent owner
Tenaya Corp	10 percent owner	3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
Ynchron	10 percent owner	3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
Norman William Burmeister	director	C/O RARE ELEMENT RESOURCES LTD., 255 UNION BLVD SUITE 250, LAKEWOOD CO 80228