NZME (NZSE:NZM) Total Current Assets : NZ$55.7 Mil (As of Dec. 2023)

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What is NZME Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. NZME's total current assets for the quarter that ended in Dec. 2023 was NZ$55.7 Mil.

NZME Total Current Assets Historical Data

The historical data trend for NZME'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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NZME Total Current Assets Chart

NZME Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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68.81

59.09

60.65

60.34

55.67

NZME Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial											60.65	59.03	60.34	59.77	55.67

NZME 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.

NZME'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
	=	5.524	+	45.057	+	5.084	+	-7.105427357601E-15
	=	55.7

NZME'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
	=	5.524	+	45.057	+	5.084	+	-7.105427357601E-15
	=	55.7

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.

NZME (NZSE:NZM) 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.

NZME'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)
=	5.524	-	157.952	+	0.75 * 37.295	+	0.5 * 5.084
=	-121.9

NZME Total Current Assets Related Terms

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NZME (NZSE:NZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » NZME Ltd (NZSE:NZM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

NZM:Australia

Address

2 Graham Street, Auckland, NZL, 1010

Website

https://www.nzme.co.nz

NZME Ltd is New Zealand based company. The company operates in 3 business segments, 1) Audio segment includes terrestrial radio stations, digital iHeartRadio, podcasts and Radio brand websites. 2) Publishing segment includes print publications (excluding dedicated real estate publications) and digital news websites including nzherald.co.nz. and BusinessDesk. 3) OneRoof segment comprises oneroof.co.nz and dedicated real estate print publications.

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