SoFi Technologies (SoFi Technologies) Total Current Assets : $0.10 Mil (As of Jul. 2020)

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What is SoFi Technologies Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. SoFi Technologies's total current assets for the quarter that ended in Jul. 2020 was $0.10 Mil.

SoFi Technologies Total Current Assets Historical Data

The historical data trend for SoFi Technologies'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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SoFi Technologies Total Current Assets Chart

SoFi Technologies Annual Data

Trend

Dec20

Total Current Assets

1.06

SoFi Technologies Semi-Annual Data
	Jul20
Total Current Assets	0.10

SoFi Technologies 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.

SoFi Technologies's Total Current Assets for the fiscal year that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

SoFi Technologies's Total Current Assets for the quarter that ended in Jul. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.1	+	0	+	0	+	0
	=	0.10

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.

SoFi Technologies (NAS:SOFI) 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.

SoFi Technologies's Liquidation Value for the quarter that ended in Jul. 2020 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.1	-	0.11	+	0.75 * 0	+	0.5 * 0
=	-0.01

SoFi Technologies Total Current Assets Related Terms

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SoFi Technologies (SoFi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

317 University Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.sofi.com

SoFi Technologies Inc helps people achieve financial independence to realize their ambitions. Its products include SoFi Money, SoFi Invest, Student Loan Refinancing, Private Student Loans, Personal Loans, Home Loans, SoFi Relay, SoFi Protect among others. The company's product gives over two million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people.