Veltex (Veltex) Total Current Assets : $1.09 Mil (As of Mar. 2024)

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What is Veltex Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Veltex's total current assets for the quarter that ended in Mar. 2024 was $1.09 Mil.

Veltex Total Current Assets Historical Data

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

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

0.22

0.18

0.66

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial			0.18	0.26	0.52	0.66	1.09

Veltex 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.

Veltex'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
	=	0.005	+	0.578	+	0	+	0.075
	=	0.66

Veltex'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
	=	0.138	+	0.821	+	0	+	0.13
	=	1.09

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.

Veltex (OTCPK:VLXC) 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.

Veltex'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)
=	0.138	-	3.233	+	0.75 * 0.821	+	0.5 * 0
=	-2.48

Veltex Total Current Assets Related Terms

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Veltex (Veltex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.