VERSES AI (VERSES AI) Total Current Assets : $11.09 Mil (As of Dec. 2023)

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What is VERSES AI Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. VERSES AI's total current assets for the quarter that ended in Dec. 2023 was $11.09 Mil.

VERSES AI Total Current Assets Historical Data

The historical data trend for VERSES AI'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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VERSES AI Total Current Assets Chart

VERSES AI Annual Data

Trend

Mar22

Mar23

Total Current Assets

8.58

8.30

VERSES AI Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial						6.87	8.30	10.88	17.64	11.09

VERSES AI 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.

VERSES AI's Total Current Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.397	+	2.457	+	0	+	1.443
	=	8.30

VERSES AI'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
	=	5.719	+	4.142	+	0	+	1.231
	=	11.09

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.

VERSES AI (OTCPK:VRSSF) 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.

VERSES AI'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)
=	5.719	-	4.028	+	0.75 * 1.27	+	0.5 * 0
=	2.64

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VERSES AI (VERSES AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VERSES AI Inc (OTCPK:VRSSF) » Definitions » Total Current Assets

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Traded in Other Exchanges

J9A:Germany VERS:Canada

Address

205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9

Website

https://www.verses.ai

VERSES AI Inc is a cognitive computing company specializing in next-generation AI and developer of KOSM, the world's first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows.