Forty Pillars Mining (XCNQ:PLLR) Total Current Assets : C$0.01 Mil (As of Nov. 2023)

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What is Forty Pillars Mining Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Forty Pillars Mining's total current assets for the quarter that ended in Nov. 2023 was C$0.01 Mil.

Forty Pillars Mining Total Current Assets Historical Data

The historical data trend for Forty Pillars Mining'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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Forty Pillars Mining Total Current Assets Chart

Forty Pillars Mining Annual Data

Trend

Feb21

Feb22

Feb23

Total Current Assets

0.61

0.06

Forty Pillars Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Current Assets	Get a 7-Day Free Trial						0.06	0.06	0.05	0.01	0.01

Forty Pillars Mining 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.

Forty Pillars Mining's Total Current Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.01	+	0.048	+	0	+	0.00099999999999999
	=	0.06

Forty Pillars Mining's Total Current Assets for the quarter that ended in Nov. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.002	+	0.004	+	0	+	0
	=	0.01

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.

Forty Pillars Mining (XCNQ:PLLR) 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.

Forty Pillars Mining's Liquidation Value for the quarter that ended in Nov. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.002	-	0.426	+	0.75 * 0.004	+	0.5 * 0
=	-0.42

Forty Pillars Mining Total Current Assets Related Terms

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Forty Pillars Mining (XCNQ:PLLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forty Pillars Mining Corp (XCNQ:PLLR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

FRPMF:USA

Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.fortypillars.ca

Forty Pillars Mining Corp is a mineral exploration company. Its property includes the Silver Dollar property.

Executives

Origen Resources Inc.

10% Security Holder

Forty Pillars Mining (XCNQ:PLLR) Headlines

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