Zhejiang Expressway Co (LSE:ZHEH) Total Current Assets : £16,913 Mil (As of Dec. 2023)

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What is Zhejiang Expressway Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Zhejiang Expressway Co's total current assets for the quarter that ended in Dec. 2023 was £16,913 Mil.

Zhejiang Expressway Co Total Current Assets Historical Data

The historical data trend for Zhejiang Expressway Co'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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Zhejiang Expressway Co Total Current Assets Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

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Dec23

Total Current Assets

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7,552.20

10,542.24

15,456.19

17,218.40

16,912.88

Zhejiang Expressway Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															17,218.40	17,221.71	17,450.96	16,912.88	-

Zhejiang Expressway Co 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.

Zhejiang Expressway Co'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
	=	7775.118	+	3220.168	+	144.538	+	5773.052
	=	16,913

Zhejiang Expressway Co's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	7775.118	+	3220.168	+	144.538	+	5773.052
	=	16,913

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.

Zhejiang Expressway Co (LSE:ZHEH) 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.

Zhejiang Expressway Co's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7775.118	-	16304.265	+	0.75 * 91.996	+	0.5 * 144.538
=	-8,388

Zhejiang Expressway Co Total Current Assets Related Terms

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Zhejiang Expressway Co (LSE:ZHEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (LSE:ZHEH) » Definitions » Total Current Assets

Traded in Other Exchanges

ZHEXF:USA 00576:Hong Kong ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

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