Electrovaya (TSX:ELVA) Total Current Assets : C$35.05 Mil (As of Sep. 2023)

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What is Electrovaya Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Electrovaya's total current assets for the quarter that ended in Sep. 2023 was C$35.05 Mil.

Electrovaya Total Current Assets Historical Data

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

Electrovaya Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Current Assets

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2.76

10.67

15.24

19.73

35.05

Electrovaya Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															19.73	24.75	25.36	30.58	35.05

Electrovaya 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.

Electrovaya's Total Current Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.396	+	14.358	+	11.185	+	8.114
	=	35.05

Electrovaya's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.396	+	14.358	+	11.185	+	8.114
	=	35.05

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.

Electrovaya (TSX:ELVA) 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.

Electrovaya's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.396	-	39.738	+	0.75 * 12.377	+	0.5 * 11.185
=	-23.47

Electrovaya Total Current Assets Related Terms

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Electrovaya (TSX:ELVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electrovaya Inc (TSX:ELVA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

ELVA:USA 4EV0:Germany

Address

6688 Kitimat Road, Mississauga, ON, CAN, L5N 1P8

Website

https://www.electrovaya.com

Electrovaya Inc designs develop and manufacture proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. It is a technology-focused company with extensive IP. The company generates revenue from the sale of batteries and battery systems. Business operations are segmented based on large format batteries and others. This technology offers enhanced safety and industry leading battery longevity. Geographically it earns key revenue from the United States.