Nurminen Logistics Oyj (Nurminen Logistics Oyj) Total Current Assets : $28.1 Mil (As of Dec. 2023)

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What is Nurminen Logistics Oyj Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nurminen Logistics Oyj's total current assets for the quarter that ended in Dec. 2023 was $28.1 Mil.

Nurminen Logistics Oyj Total Current Assets Historical Data

The historical data trend for Nurminen Logistics Oyj'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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Nurminen Logistics Oyj Total Current Assets Chart

Nurminen Logistics Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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14.44

18.26

29.23

16.40

28.14

Nurminen Logistics Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															29.23	30.89	16.40	25.96	28.14

Nurminen Logistics Oyj 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.

Nurminen Logistics Oyj'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
	=	13.974	+	9.82	+	1.193	+	3.154
	=	28.1

Nurminen Logistics Oyj'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
	=	13.974	+	9.82	+	1.193	+	3.154
	=	28.1

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.

Nurminen Logistics Oyj (GREY:NRNMF) 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.

Nurminen Logistics Oyj'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)
=	13.974	-	74.021	+	0.75 * 9.82	+	0.5 * 1.193
=	-52.1

Nurminen Logistics Oyj Total Current Assets Related Terms

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Nurminen Logistics Oyj (Nurminen Logistics Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nurminen Logistics Oyj (GREY:NRNMF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

NLG1V:Finland 8I4:Germany

Address

Satamakaari 24, Helsinki, FIN, 00980

Website

https://www.nurminenlogistics.com

Nurminen Logistics Oyj is engaged in the provision of logistics services. The company offers high-quality rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic countries. The company's revenue consists mainly of forwarding services, railway transport and terminal services. The company also receives income from short-term and long-term warehousing services. Geographically, it derives most of its revenue from Baltic countries and has a presence in Russia.

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