Simply Solventless Concentrates (TSXV:HASH) Total Current Assets : C$10.89 Mil (As of Mar. 2024)

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What is Simply Solventless Concentrates Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Simply Solventless Concentrates's total current assets for the quarter that ended in Mar. 2024 was C$10.89 Mil.

Simply Solventless Concentrates Total Current Assets Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Total Current Assets Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

2.91

3.47

8.42

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial				-	4.70	5.40	8.42	10.89

Simply Solventless Concentrates 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.

Simply Solventless Concentrates'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
	=	0.081	+	0.532	+	7.721	+	0.085000000000001
	=	8.42

Simply Solventless Concentrates'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
	=	0.135	+	1.117	+	9.538	+	0.094999999999999
	=	10.89

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.

Simply Solventless Concentrates (TSXV:HASH) 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.

Simply Solventless Concentrates'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)
=	0.135	-	7.705	+	0.75 * 1.117	+	0.5 * 9.538
=	-1.96

Simply Solventless Concentrates Total Current Assets Related Terms

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Simply Solventless Concentrates (TSXV:HASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (TSXV:HASH) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

273209 Range Road 20, Rocky View County, AB, CAN, T4B 4P2

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers.

Executives

William Colin Macdonald	10% Security Holder, Director
Jeffrey Philip James Swainson	10% Security Holder, Director, Senior Officer

Simply Solventless Concentrates (TSXV:HASH) Headlines

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