Premiumome (TSX:PIC.A) Total Current Assets : C$8.26 Mil (As of Oct. 2023)

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What is Premiumome Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Premiumome's total current assets for the quarter that ended in Oct. 2023 was C$8.26 Mil.

Premiumome Total Current Assets Historical Data

The historical data trend for Premiumome'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.

* Premium members only.

Premiumome Total Current Assets Chart

Premiumome Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Current Assets

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4.44

3.56

4.56

3.93

8.26

Premiumome Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Current Assets	Get a 7-Day Free Trial															4.56	5.48	3.93	55.09	8.26

Premiumome 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.

Premiumome's Total Current Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	6.724	+	1.535	+	0	+	0
	=	8.26

Premiumome's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	6.724	+	1.535	+	0	+	0
	=	8.26

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.

Premiumome (TSX:PIC.A) 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.

Premiumome's Liquidation Value for the quarter that ended in Oct. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.724	-	230.023	+	0.75 * 0	+	0.5 * 0
=	-223.30

Premiumome Total Current Assets Related Terms

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Premiumome (TSX:PIC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premium Income Corp (TSX:PIC.A) » Definitions » Total Current Assets

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PIC.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Standard Life Centre, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The fund mainly invests in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank and common shares of National Bank of Canada.

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