Nido Education (ASX:NDO) Total Current Assets : A$30.63 Mil (As of Dec. 2023)

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What is Nido Education Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nido Education's total current assets for the quarter that ended in Dec. 2023 was A$30.63 Mil.

Nido Education Total Current Assets Historical Data

The historical data trend for Nido Education'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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Nido Education Total Current Assets Chart

Nido Education Annual Data

Trend

Dec22

Dec23

Total Current Assets

28.70

30.63

Nido Education Semi-Annual Data
	Dec22	Jun23	Dec23
Total Current Assets	28.70	5.85	30.63

Nido Education 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.

Nido Education's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	25.569	+	3.953	+	0	+	1.11
	=	30.63

Nido Education'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
	=	25.569	+	3.953	+	0	+	1.11
	=	30.63

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.

Nido Education (ASX:NDO) 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.

Nido Education'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)
=	25.569	-	214.434	+	0.75 * 1.83	+	0.5 * 0
=	-187.49

Nido Education Total Current Assets Related Terms

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Nido Education (ASX:NDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nido Education Ltd (ASX:NDO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Park Avenue, Suite 3, Drummoyne, NSW, AUS, 2047

Website

https://nidoeducation.edu.au

Nido Education Ltd is a company engaged in long day early childhood education and care services across Australia. It offers exceptional education and care for children, from six weeks, through to school age, in a safe, comfortable, nurturing and peaceful environment.

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