Golden Ridge Resources (TSXV:GLDN) Total Current Assets : C$2.76 Mil (As of Mar. 2024)

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What is Golden Ridge Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Golden Ridge Resources's total current assets for the quarter that ended in Mar. 2024 was C$2.76 Mil.

Golden Ridge Resources Total Current Assets Historical Data

The historical data trend for Golden Ridge 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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Golden Ridge Resources Total Current Assets Chart

Golden Ridge Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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3.73

1.20

5.42

5.62

4.07

Golden Ridge 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															4.21	4.07	3.45	2.94	2.76

Golden Ridge 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.

Golden Ridge 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
	=	3.885	+	0.161	+	0	+	0.023000000000001
	=	4.07

Golden Ridge 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
	=	2.711	+	0.027	+	0	+	0.022
	=	2.76

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.

Golden Ridge Resources (TSXV:GLDN) 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.

Golden Ridge 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)
=	2.711	-	0.08	+	0.75 * 0	+	0.5 * 0
=	2.63

Golden Ridge Resources Total Current Assets Related Terms

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Golden Ridge Resources (TSXV:GLDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Ridge Resources Ltd (TSXV:GLDN) » Definitions » Total Current Assets

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Traded in Other Exchanges

GORIF:USA 44GG:Germany

Address

335 - 1632 Dickson Avenue, Landmark 3, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.goldenridgeresources.com

Golden Ridge Resources Ltd is an exploration-stage company. It is engaged in the identification, evaluation, and acquisition of mineral properties. Its current properties include mineral properties located in British Columbia and the Yukon. Its projects are Hank Property, Newfoundland, Royalle Au-Ag Project, and North Canol. It has one reportable operating segment, being that of acquisition and exploration and evaluation activities in Canada.

Executives

Michael Adam Blady

Director

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