Ashtead Group (Ashtead Group) Total Current Assets : $2,260 Mil (As of Jan. 2024)

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What is Ashtead Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ashtead Group's total current assets for the quarter that ended in Jan. 2024 was $2,260 Mil.

Ashtead Group Total Current Assets Historical Data

The historical data trend for Ashtead Group'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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Ashtead Group Total Current Assets Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Current Assets

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1,248.11

1,486.80

1,230.90

1,581.40

1,885.00

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Current Assets	Get a 7-Day Free Trial															2,022.00	1,885.00	2,126.50	2,241.90	2,260.10

Ashtead Group 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.

Ashtead Group's Total Current Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	29.9	+	1659.2	+	181.3	+	14.6
	=	1,885

Ashtead Group's Total Current Assets for the quarter that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	22.4	+	2007.2	+	192.5	+	38
	=	2,260

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.

Ashtead Group (OTCPK:ASHTF) 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.

Ashtead Group's Liquidation Value for the quarter that ended in Jan. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	22.4	-	14888	+	0.75 * 2007.2	+	0.5 * 192.5
=	-13,264

Ashtead Group Total Current Assets Related Terms

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Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.