Spey Resources (XCNQ:SPEY) Total Current Assets : C$0.36 Mil (As of Feb. 2024)

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What is Spey Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Spey Resources's total current assets for the quarter that ended in Feb. 2024 was C$0.36 Mil.

Spey Resources Total Current Assets Historical Data

The historical data trend for Spey 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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Spey Resources Total Current Assets Chart

Spey Resources Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Current Assets

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0.01

0.27

1.22

2.19

0.46

Spey Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial															1.32	1.73	0.37	0.46	0.36

Spey 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.

Spey Resources's Total Current Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.249	+	0.195	+	0	+	0.012
	=	0.46

Spey Resources's Total Current Assets for the quarter that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.16	+	0.2	+	0	+	0.003
	=	0.36

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.

Spey Resources (XCNQ:SPEY) 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.

Spey Resources's Liquidation Value for the quarter that ended in Feb. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.16	-	1.036	+	0.75 * 0.2	+	0.5 * 0
=	-0.73

Spey Resources Total Current Assets Related Terms

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Spey Resources (XCNQ:SPEY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spey Resources Corp (XCNQ:SPEY) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

SPEYF:USA 2JS:Germany

Address

1100-1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.speyresources.ca

Spey Resources Corp is a mineral exploration company. The company is engaged in the principal business activities of the acquisition and exploration of mineral property assets. It has an interest in the Silver Basin property.

Executives

Nader Vatanchi

Director, Senior Officer

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