Macarthur Minerals (TSXV:MMS) Total Current Assets : C$0.53 Mil (As of Dec. 2023)

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What is Macarthur Minerals Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Macarthur Minerals's total current assets for the quarter that ended in Dec. 2023 was C$0.53 Mil.

Macarthur Minerals Total Current Assets Historical Data

The historical data trend for Macarthur 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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Macarthur Minerals Total Current Assets Chart

Macarthur Minerals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Current Assets

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0.40

4.39

5.13

1.89

2.03

Macarthur 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															2.77	2.03	1.01	0.75	0.53

Macarthur 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.

Macarthur Minerals's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.776	+	0.152	+	0	+	0.097
	=	2.03

Macarthur 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
	=	0.369	+	0.113	+	0	+	0.045
	=	0.53

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.

Macarthur Minerals (TSXV:MMS) 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.

Macarthur 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)
=	0.369	-	1.26	+	0.75 * 0	+	0.5 * 0
=	-0.89

Macarthur Minerals Total Current Assets Related Terms

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Macarthur Minerals (TSXV:MMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Macarthur Minerals Ltd (TSXV:MMS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

MMSLF:USA MIO:Australia

Address

Building 1, 40 McDougall Street, Suite 1G, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.macarthurminerals.com

Macarthur Minerals Ltd is an exploration and development company. The company is focused on identifying gold, nickel and developing high-grade lithium, as well as countercyclical investments with lithium exploration interests in Australia and Nevada. In addition, the group has three Iron Ore projects Yilgarn region of Western Australia; the Ularring hematite project, the Moonshine magnetite project, and the Treppo Grande project. The other projects of the company include Tambourah Lithium; Hillside Gold; Panorama Gold; Bonnie Scot Gold; and Reynolds Springs Lithium.

Executives

Earl Evans

Director