Forbidden Spirits Distilling (TSXV:VDKA.H) Total Current Assets : C$1.01 Mil (As of Sep. 2022)

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What is Forbidden Spirits Distilling Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Forbidden Spirits Distilling's total current assets for the quarter that ended in Sep. 2022 was C$1.01 Mil.

Forbidden Spirits Distilling Total Current Assets Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Total Current Assets Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Total Current Assets

0.34

0.64

2.44

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Current Assets	Get a 7-Day Free Trial					-	2.44	1.42	0.91	1.01

Forbidden Spirits Distilling 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.

Forbidden Spirits Distilling's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.731	+	0.098	+	0.535	+	0.072
	=	2.44

Forbidden Spirits Distilling's Total Current Assets for the quarter that ended in Sep. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.21	+	0.077	+	0.694	+	0.033
	=	1.01

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.

Forbidden Spirits Distilling (TSXV:VDKA.H) 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.

Forbidden Spirits Distilling's Liquidation Value for the quarter that ended in Sep. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.21	-	2.168	+	0.75 * 0.077	+	0.5 * 0.694
=	-1.55

Forbidden Spirits Distilling Total Current Assets Related Terms

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Forbidden Spirits Distilling (TSXV:VDKA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits direct to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky.

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