Omega Pacific Resources (XCNQ:OMGA) Total Current Assets : C$0.32 Mil (As of Jan. 2024)

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What is Omega Pacific Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Omega Pacific Resources's total current assets for the quarter that ended in Jan. 2024 was C$0.32 Mil.

Omega Pacific Resources Total Current Assets Historical Data

The historical data trend for Omega Pacific 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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Omega Pacific Resources Total Current Assets Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Total Current Assets

0.52

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Total Current Assets	0.49	0.45	0.39	0.32

Omega Pacific 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.

Omega Pacific Resources's Total Current Assets for the fiscal year that ended in Oct. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.505	+	0	+	0	+	0.012
	=	0.52

Omega Pacific Resources's Total Current Assets for the quarter that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.321	+	0.002	+	0	+	0
	=	0.32

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.

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources's Liquidation Value for the quarter that ended in Jan. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.321	-	0.011	+	0.75 * 0	+	0.5 * 0
=	0.31

Omega Pacific Resources Total Current Assets Related Terms

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Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.