Payfare (TSX:PAY) Total Current Assets : C$350.4 Mil (As of Mar. 2024)

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What is Payfare Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Payfare's total current assets for the quarter that ended in Mar. 2024 was C$350.4 Mil.

Payfare Total Current Assets Historical Data

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

Payfare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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34.51

30.61

222.98

211.82

295.93

Payfare Quarterly Data
	Dec18	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															250.70	224.49	265.74	295.93	350.35

Payfare 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.

Payfare'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
	=	285.739	+	6.995	+	0	+	3.192
	=	295.9

Payfare'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
	=	325.642	+	8.012	+	0	+	16.696
	=	350.4

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.

Payfare (TSX:PAY) 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.

Payfare'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)
=	325.642	-	280.377	+	0.75 * 4.402	+	0.5 * 0
=	48.6

Payfare Total Current Assets Related Terms

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Payfare (TSX:PAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Payfare Inc (TSX:PAY) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

PYFRF:USA S2R:Germany

Address

40 University Avenue, Suite 551, Toronto, ON, CAN, M5J 1T1

Website

https://corp.payfare.com

Payfare Inc is a global fintech company offering mobile banking, instant payment, and loyalty-reward solutions. Its financial technology platform is providing financial inclusion and empowerment to next-generation workers around the globe with a full-service mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards. Some brands that use Payfare include Lyft, Uber, and DoorDash. Its geographical segments are Canada, the United States, and Mexico.