Newlox Gold Ventures (XCNQ:LUX) Total Current Assets : C$1.02 Mil (As of Dec. 2023)

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What is Newlox Gold Ventures Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Newlox Gold Ventures's total current assets for the quarter that ended in Dec. 2023 was C$1.02 Mil.

Newlox Gold Ventures Total Current Assets Historical Data

The historical data trend for Newlox Gold Ventures'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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Newlox Gold Ventures Total Current Assets Chart

Newlox Gold Ventures Annual Data

Trend

Mar14

Mar15

Mar16

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Mar18

Mar19

Mar20

Mar21

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Mar23

Total Current Assets

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0.03

3.18

3.71

0.91

Newlox Gold Ventures 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															1.72	0.91	0.29	0.28	1.02

Newlox Gold Ventures 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.

Newlox Gold Ventures'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
	=	0.699	+	0.107	+	0.032	+	0.067
	=	0.91

Newlox Gold Ventures'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
	=	0.81	+	0.182	+	0.021	+	0.0029999999999999
	=	1.02

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.

Newlox Gold Ventures (XCNQ:LUX) 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.

Newlox Gold Ventures'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)
=	0.81	-	4.622	+	0.75 * 0.036	+	0.5 * 0.021
=	-3.77

Newlox Gold Ventures Total Current Assets Related Terms

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Newlox Gold Ventures (XCNQ:LUX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newlox Gold Ventures Corp (XCNQ:LUX) » Definitions » Total Current Assets

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Traded in Other Exchanges

NWLXF:USA NGO:Germany

Address

355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8

Website

https://www.newloxgold.com

Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.