Infinite Group (Infinite Group) Total Current Assets : $0.69 Mil (As of Jun. 2023)

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What is Infinite Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Infinite Group's total current assets for the quarter that ended in Jun. 2023 was $0.69 Mil.

Infinite Group Total Current Assets Historical Data

The historical data trend for Infinite 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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Infinite Group Total Current Assets Chart

Infinite Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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0.32

0.50

1.08

1.05

0.57

Infinite Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Current Assets	Get a 7-Day Free Trial															0.85	0.77	0.57	1.83	0.69

Infinite 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.

Infinite Group's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.023	+	0.406	+	0	+	0.144
	=	0.57

Infinite Group's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.017	+	0.213	+	0	+	0.462
	=	0.69

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.

Infinite Group (OTCPK:IMCI) 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.

Infinite Group's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.017	-	8.728	+	0.75 * 0.213	+	0.5 * 0
=	-8.55

Infinite Group Total Current Assets Related Terms

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Infinite Group (Infinite Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Infinite Group Inc (OTCPK:IMCI) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 Sully’s Trail, Suite 202, Pittsford, NY, USA, 14534

Website

https://www.igicybersecurity.com

Infinite Group Inc provides managed information technology and virtualization services. It also develops and renders cybersecurity tools and solutions to private businesses and government agencies in the United States. It offers products such as Nodeware which assesses vulnerabilities in a computer network using scanning technology. The company also provides cloud computing solutions, including public and private cloud architecture, hybrid cloud hosting, server virtualization, and desktop virtualization solutions.

Executives

James Villa	10 percent owner	308 ROCK BEACH ROAD, ROCHESTER NY 14617
Andrew T. Hoyen	officer: EVP- Chief Admin Officer	80 OFFICE PARK WAY, PITTSFORD NY 14534
Richard W Glickman	officer: Chief Accounting Officer	175 SULLY'S TRAIL, PITTSFORD NY 14534
Donald Reeve	director	C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534
James Witzel	officer: Chief Financial Officer	C/O INFINITE GROUP INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534
James D Frost	officer: CHIEF TECHNOLOGY OFFICER	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
William S Hogan	officer: VP of Operations	C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534
David Slavny	officer: Director Business Development	C/O INFINITE GROUP, INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534
Northwest Hampton Holdings Llc	10 percent owner	308 ROCK BEACH ROAD, ROCHESTER NY 14617
Michael S Smith	director, officer: PRESIDENT, CEO and CFO	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Allan M Robbins	director	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Paul J Delmore	director, 10 percent owner	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Upstate Holding Group, Llc	10 percent owner	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610