CO2 Gro (TSXV:GROW) Total Current Assets : C$0.53 Mil (As of Sep. 2023)

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What is CO2 Gro Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. CO2 Gro's total current assets for the quarter that ended in Sep. 2023 was C$0.53 Mil.

CO2 Gro Total Current Assets Historical Data

The historical data trend for CO2 Gro'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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CO2 Gro Total Current Assets Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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1.53

0.68

1.21

0.68

1.26

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Total Current Assets	Get a 7-Day Free Trial															1.71	1.55	1.26	1.06	0.53

CO2 Gro 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.

CO2 Gro's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.097	+	0.132	+	0	+	0.026
	=	1.26

CO2 Gro's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.329	+	0.175	+	0	+	0.028
	=	0.53

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.

CO2 Gro (TSXV:GROW) 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.

CO2 Gro's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.329	-	0.473	+	0.75 * 0.175	+	0.5 * 0
=	-0.01

CO2 Gro Total Current Assets Related Terms

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CO2 Gro (TSXV:GROW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (TSXV:GROW) » Definitions » Total Current Assets

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BLONF:USA

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.

Executives

Stephen Mark Gledhill

Senior Officer