Olympia Financial Group (TSX:OLY) Total Current Assets : C$43.81 Mil (As of Sep. 2023)

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What is Olympia Financial Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Olympia Financial Group's total current assets for the quarter that ended in Sep. 2023 was C$43.81 Mil.

Olympia Financial Group Total Current Assets Historical Data

The historical data trend for Olympia Financial 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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Olympia Financial Group Total Current Assets Chart

Olympia Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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16.35

20.50

24.00

24.79

28.51

Olympia Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															31.27	28.51	46.65	46.04	43.81

Olympia Financial 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.

Olympia Financial 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
	=	8.366	+	16.688	+	0	+	3.459
	=	28.51

Olympia Financial Group's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	12.188	+	28.256	+	0	+	3.364
	=	43.81

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.

Olympia Financial Group (TSX:OLY) 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.

Olympia Financial Group's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	12.188	-	18.449	+	0.75 * 1.869	+	0.5 * 0
=	-4.86

Olympia Financial Group Total Current Assets Related Terms

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Olympia Financial Group (TSX:OLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Olympia Financial Group Inc (TSX:OLY) » Definitions » Total Current Assets

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Address

4000, 520 - 3rd Avenue SW, Calgary, AB, CAN, T2P 0R3

Website

https://www.olympiafinancial.com

Olympia Financial Group Inc is engaged in providing financial services. The company's operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.

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