California Nanotechnologies (California Nanotechnologies) Total Current Assets : $1.99 Mil (As of Nov. 2023)

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What is California Nanotechnologies Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. California Nanotechnologies's total current assets for the quarter that ended in Nov. 2023 was $1.99 Mil.

California Nanotechnologies Total Current Assets Historical Data

The historical data trend for California Nanotechnologies'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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California Nanotechnologies Total Current Assets Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Current Assets

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0.12

0.07

0.41

0.54

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Current Assets	Get a 7-Day Free Trial															0.56	0.54	0.54	0.81	1.99

California Nanotechnologies 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.

California Nanotechnologies's Total Current Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.216	+	0.176	+	0	+	0.148
	=	0.54

California Nanotechnologies's Total Current Assets for the quarter that ended in Nov. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.128	+	0.713	+	0	+	0.15
	=	1.99

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.

California Nanotechnologies (OTCPK:CANOF) 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.

California Nanotechnologies's Liquidation Value for the quarter that ended in Nov. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.128	-	2.255	+	0.75 * 0.713	+	0.5 * 0
=	-0.59

California Nanotechnologies Total Current Assets Related Terms

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California Nanotechnologies (California Nanotechnologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (OTCPK:CANOF) » Definitions » Total Current Assets

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CNO:Canada

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.