Greater Cannabis Co (Greater Cannabis Co) Total Current Assets : $0.13 Mil (As of Mar. 2024)

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What is Greater Cannabis Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Greater Cannabis Co's total current assets for the quarter that ended in Mar. 2024 was $0.13 Mil.

Greater Cannabis Co Total Current Assets Historical Data

The historical data trend for Greater Cannabis Co'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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Greater Cannabis Co Total Current Assets Chart

Greater Cannabis Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.05

0.16

0.38

0.27

0.17

Greater Cannabis Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															0.25	0.24	0.20	0.17	0.13

Greater Cannabis Co 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.

Greater Cannabis Co'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
	=	0.167	+	0	+	0	+	0
	=	0.17

Greater Cannabis Co'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
	=	0.129	+	0	+	0	+	0
	=	0.13

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.

Greater Cannabis Co (OTCPK:GCAN) 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.

Greater Cannabis Co'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)
=	0.129	-	0.839	+	0.75 * 0	+	0.5 * 0
=	-0.71

Greater Cannabis Co Total Current Assets Related Terms

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Greater Cannabis Co (Greater Cannabis Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greater Cannabis Co Inc (OTCPK:GCAN) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Walker Avenue, Suite 101, Baltimore, MD, USA, 21208

Website

https://www.gcanrx.com

Greater Cannabis Co Inc ia a biopharmaceutical company focused on the development and commercialization of innovative cannabinoid therapeutics. The firm focuses on cannabis-related investment and development opportunities through direct equity investments, joint ventures, licensing agreements, or acquisitions and also on commercializing its eluting transmucosal patch platform (ETP) technology. The company's operations are focused on its online store, GCC Superstore. The firm is involved in additional research and development of innovative cannabinoid-based therapeutics.

Executives

Jimmy Wayne Anderson

10 percent owner

501 1ST AVENUE NORTH, SUITE 901, ST. PETERSBURG FL 33701