NetBrands (NetBrands) Total Current Assets : $0.05 Mil (As of Mar. 2024)

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What is NetBrands Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. NetBrands's total current assets for the quarter that ended in Mar. 2024 was $0.05 Mil.

NetBrands Total Current Assets Historical Data

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

NetBrands Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.34

0.59

1.20

0.41

0.01

NetBrands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															0.42	0.22	0.16	0.01	0.05

NetBrands 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.

NetBrands'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
	=	0.001	+	0.005	+	0.006	+	0.001
	=	0.01

NetBrands'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
	=	0.042	+	0.005	+	0	+	0.001
	=	0.05

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.

NetBrands (OTCPK:NBND) 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.

NetBrands'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)
=	0.042	-	2.14	+	0.75 * 0.005	+	0.5 * 0
=	-2.09

NetBrands Total Current Assets Related Terms

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NetBrands (NetBrands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NetBrands Corp (OTCPK:NBND) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4042 Austin Boulevard, Suite B Island Park, New York, NY, USA, 11558

Website

https://www.gdmginc.com

NetBrands Corp operates as a global diversified holdings company through several divisions. One of its divisions markets and sells multi-line consumer packaged goods (CPG) with branded product lines on a global basis. Another division acquires e-commerce assets as well as private businesses in various verticals and scales them up.

Executives

Paul Adler	director, 10 percent owner, officer: President, Secretary and CEO	4042 AUSTIN BOULEVARD SUITE B, ISLAND PARK NY 11558
David Natan	director	11190 BISCAYNE BLVD, MIAMI FL 33181
Michael Cascione	director	1309 SHELBOURNE AVE, MAMARONECK NY 10543
Sandra G. Williams	director	122 SCHOOL ST., FRAMINGHAM MA 01701
James Curtis Donegan	director	6080 S. CHESTER WAY, GREENWOOD VILLAGE CO 80111
James M Cassidy	other: frmer dir., officer: 5% sh	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	other: frmer dir., officer: 5% sh	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212