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Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Solitron Devices's total current assets for the quarter that ended in Nov. 2023 was $9.95 Mil.
The historical data trend for Solitron Devices'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.
Solitron Devices Annual Data | |||||||||||||||||||||
Trend | Feb12 | Feb13 | Feb14 | Feb15 | Feb16 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
Total Current Assets | Get a 7-Day Free Trial | 6.42 | 5.86 | 8.43 | 8.82 | 7.73 |
Solitron Devices Quarterly Data | ||||||||||||||||||||
Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | |
Total Current Assets | Get a 7-Day Free Trial | 7.49 | 7.73 | 7.85 | 8.16 | 9.95 |
Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.
Solitron Devices's Total Current Assets for the fiscal year that ended in Feb. 2023 is calculated as
Total Current Assets | = | Cash, Cash Equivalents, Marketable Securities | + | Total Receivables | + | Total Inventories | + | Other Current Assets |
= | 4.328 | + | 0.784 | + | 2.415 | + | 0.203 | |
= | 7.73 |
Solitron Devices's Total Current Assets for the quarter that ended in Nov. 2023 is calculated as
Total Current Assets | = | Cash, Cash Equivalents, Marketable Securities | + | Total Receivables | + | Total Inventories | + | Other Current Assets |
= | 2.579 | + | 2.728 | + | 4.384 | + | 0.256 | |
= | 9.95 |
* 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.
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.
Solitron Devices (OTCPK:SODI) 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.
Solitron Devices's Liquidation Value for the quarter that ended in Nov. 2023 is
Liquidation value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 2.579 | - | 8.095 | + | 0.75 * 2.728 | + | 0.5 * 4.384 |
= | -1.28 |
* 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.
Thank you for viewing the detailed overview of Solitron Devices's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Howard Timothy Eriksen | director | 567 WILDROSE CIRCLE, LYNDEN WA 98264 |
Mark Matson | officer: President and COO | 600 S. ROCKFORD DRIVE, TEMPE AZ 85281 |
Olesen Value Fund Gp Llc | 10 percent owner | C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311 |
David William Pointer | director | PO BOX 402, NEWMAN LAKE WA 99025 |
Christian Olesen | 10 percent owner | C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311 |
Olesen Capital Management Llc | 10 percent owner | 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311 |
Olesen Value Fund L.p. | 10 percent owner | C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311 |
John Stayduhar | other: Shareholder | C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401 |
Charles M Gillman | director | 1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402 |
Cedar Creek Partners Llc | other: Shareholder | 8695 GLENDALE RD., CUSTER WA 98240 |
Eriksen Capital Management Llc | other: Shareholder | 8695 GLENDALE RD., CUSTER WA 98240 |
John F Chiste | director | |
Dwight P Aubrey | director | C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407 |
Joseph F Gerrity | director | |
Sidney H Kopperl | director | C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407 |
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