Greenridge Exploration (XCNQ:GXP) Total Current Assets : C$0.65 Mil (As of Aug. 2023)

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What is Greenridge Exploration Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Greenridge Exploration's total current assets for the quarter that ended in Aug. 2023 was C$0.65 Mil.

Greenridge Exploration Total Current Assets Historical Data

The historical data trend for Greenridge Exploration'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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Greenridge Exploration Total Current Assets Chart

Greenridge Exploration Annual Data

Trend

Aug23

Total Current Assets

0.65

Greenridge Exploration Semi-Annual Data
	Aug23
Total Current Assets	0.65

Greenridge Exploration 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.

Greenridge Exploration's Total Current Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.654	+	0	+	0	+	0
	=	0.65

Greenridge Exploration's Total Current Assets for the quarter that ended in Aug. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.654	+	0	+	0	+	0
	=	0.65

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.

Greenridge Exploration (XCNQ:GXP) 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.

Greenridge Exploration's Liquidation Value for the quarter that ended in Aug. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.654	-	0.023	+	0.75 * 0	+	0.5 * 0
=	0.63

Greenridge Exploration Total Current Assets Related Terms

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Greenridge Exploration (XCNQ:GXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenridge Exploration Inc (XCNQ:GXP) » Definitions » Total Current Assets

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Traded in Other Exchanges

HW3:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

Greenridge Exploration Inc is engaged in mineral exploration in Canada and its objective is to locate and, if warranted, develop economic mineral properties. It holds interest in Weyman Property which comprises 7 map-staked mineral claims covering nearly 2,803.89 hectares in the Kamloops and Nicola Mining Divisions and in the Thompson Nicola Regional District on the Thompson Plateau of Southern British Columbia.

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