FutureTech II Acquisition (FutureTech II Acquisition) Total Current Assets : $0.76 Mil (As of Mar. 2024)

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What is FutureTech II Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. FutureTech II Acquisition's total current assets for the quarter that ended in Mar. 2024 was $0.76 Mil.

FutureTech II Acquisition Total Current Assets Historical Data

The historical data trend for FutureTech II Acquisition'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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FutureTech II Acquisition Total Current Assets Chart

FutureTech II Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

0.01

0.42

0.94

FutureTech II Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial						0.42	0.69	0.71	0.94	0.76

FutureTech II Acquisition 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.

FutureTech II Acquisition'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
	=	0.018	+	0.857	+	0	+	0.064
	=	0.94

FutureTech II Acquisition's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.732	+	0	+	0.023
	=	0.76

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.

FutureTech II Acquisition (NAS:FTII) 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.

FutureTech II Acquisition's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	6.018	+	0.75 * 0	+	0.5 * 0
=	-6.02

FutureTech II Acquisition Total Current Assets Related Terms

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FutureTech II Acquisition (FutureTech II Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FutureTech II Acquisition Corp (NAS:FTII) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

128 Gail Drive, New Rochelle, NY, USA, 10805

Website

FutureTech II Acquisition Corp is a blank check company.

Executives

Ray Lei Chen	director, officer: Chief Executive Officer & CFO	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Futuretech Partners Ii Llc	10 percent owner	128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jonathan F Mckeage	director	C/O INFOTECH USA INC, 7 KINGSBRIDGE ROAD, FAIRFIELD NJ 07004
Neil Bush	director	1675 BROADWAY, SUITE 2200, DENVER CO 80202
Aroop Zutshi	director	128 GAIL DRIVE, NEW ROCHELLE NY 10805
Yuquan Wang	director, 10 percent owner, officer: Chief Executive Officer	128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jeffrey Alan Moseley	director	1036 LIBERTY PARK DRIVE #22, AUSTIN TX 78746
Michael William Greenall	director, officer: Chief Financial Officer	42 JALAN SRI HARTAMAS 17, TAMAN SRI HARTAMAS, KUALA LUMPUR N8 50480

FutureTech II Acquisition (FutureTech II Acquisition) Headlines

From GuruFocus

FutureTech II Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants

By ACCESSWIRE ACCESSWIRE • 04-08-2022

FutureTech II Acquisition Corp. Confirms Funding and Extension of Period to Complete Initial Business Combination

By sperokesalga sperokesalga • 05-17-2023