CIA Energetica Do Ceara - COELCE (BSP:COCE5) Total Current Assets : R$2,853 Mil (As of Dec. 2023)

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What is CIA Energetica Do Ceara - COELCE Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. CIA Energetica Do Ceara - COELCE's total current assets for the quarter that ended in Dec. 2023 was R$2,853 Mil.

CIA Energetica Do Ceara - COELCE Total Current Assets Historical Data

The historical data trend for CIA Energetica Do Ceara - COELCE'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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CIA Energetica Do Ceara - COELCE Total Current Assets Chart

CIA Energetica Do Ceara - COELCE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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2,159.73

2,426.89

3,307.98

2,849.93

2,852.77

CIA Energetica Do Ceara - COELCE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															2,849.93	2,836.64	3,313.18	3,010.33	2,852.77

CIA Energetica Do Ceara - COELCE 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.

CIA Energetica Do Ceara - COELCE'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
	=	223.573	+	1967.842	+	0	+	661.352
	=	2,853

CIA Energetica Do Ceara - COELCE'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
	=	223.573	+	1967.842	+	0	+	661.352
	=	2,853

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.

CIA Energetica Do Ceara - COELCE (BSP:COCE5) 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.

CIA Energetica Do Ceara - COELCE'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)
=	223.573	-	8906.266	+	0.75 * 1857.635	+	0.5 * 0
=	-7,289

CIA Energetica Do Ceara - COELCE Total Current Assets Related Terms

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CIA Energetica Do Ceara - COELCE (BSP:COCE5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Ceara - COELCE (BSP:COCE5) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

COCE3:Brazil

Address

R Padre Valdevino 150, Fortaleza, CE, BRA, 60135040

Website

https://www.coelce.com.br

CIA Energetica Do Ceara - COELCE is primarily engaged in the generation and sale of electricity business activities. It also involved in development, distribution, and marketing of electrical power. In addition, the company involved in the distribution of electrical power for industrial, rural, public and residential consumption. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Brazil.

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