Flagship Communities REIT (TSX:MHC.U) Total Current Assets : $15.86 Mil (As of Dec. 2023)

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What is Flagship Communities REIT Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Flagship Communities REIT's total current assets for the quarter that ended in Dec. 2023 was $15.86 Mil.

Flagship Communities REIT Total Current Assets Historical Data

The historical data trend for Flagship Communities REIT'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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Flagship Communities REIT Total Current Assets Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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5.45

15.19

19.62

22.94

15.86

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial													22.94	31.59	13.22	15.32	15.86

Flagship Communities REIT 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.

Flagship Communities REIT'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
	=	7.814	+	0.951	+	0	+	7.093
	=	15.86

Flagship Communities REIT'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
	=	7.814	+	0.951	+	0	+	7.093
	=	15.86

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.

Flagship Communities REIT (TSX:MHC.U) 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.

Flagship Communities REIT'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)
=	7.814	-	466.527	+	0.75 * 0.765	+	0.5 * 0
=	-458.14

Flagship Communities REIT Total Current Assets Related Terms

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Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

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