Localiza Rent A Car (Localiza Rent A Car) Total Current Assets : $3,633 Mil (As of Mar. 2024)

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What is Localiza Rent A Car Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Localiza Rent A Car's total current assets for the quarter that ended in Mar. 2024 was $3,633 Mil.

Localiza Rent A Car Total Current Assets Historical Data

The historical data trend for Localiza Rent A Car'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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Localiza Rent A Car Total Current Assets Chart

Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,094.92

1,082.59

1,227.76

2,214.36

3,625.54

Localiza Rent A Car 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															2,283.47	3,454.05	3,058.28	3,625.54	3,633.04

Localiza Rent A Car 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.

Localiza Rent A Car'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
	=	2106.647	+	796.888	+	0	+	722.001
	=	3,626

Localiza Rent A Car'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
	=	2105.446	+	753.002	+	0	+	774.589
	=	3,633

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.

Localiza Rent A Car (OTCPK:LZRFY) 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.

Localiza Rent A Car'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)
=	2105.446	-	10823.688	+	0.75 * 753.002	+	0.5 * 0
=	-8,153

Localiza Rent A Car Total Current Assets Related Terms

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Localiza Rent A Car (Localiza Rent A Car) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

RENT3:Brazil

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (Localiza Rent A Car) Headlines

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