Indigenous Bloom Hemp (Indigenous Bloom Hemp) Total Current Assets : $0.13 Mil (As of Feb. 2023)

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What is Indigenous Bloom Hemp Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Indigenous Bloom Hemp's total current assets for the quarter that ended in Feb. 2023 was $0.13 Mil.

Indigenous Bloom Hemp Total Current Assets Historical Data

The historical data trend for Indigenous Bloom Hemp'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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Indigenous Bloom Hemp Total Current Assets Chart

Indigenous Bloom Hemp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

May22

Total Current Assets

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2.14

0.05

0.01

0.24

Indigenous Bloom Hemp Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Nov21	Feb22	May22	Aug22	Feb23
Total Current Assets	Get a 7-Day Free Trial															1.56	1.40	0.24	0.15	0.13

Indigenous Bloom Hemp 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.

Indigenous Bloom Hemp's Total Current Assets for the fiscal year that ended in May. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.051	+	0	+	0.188	+	0.002
	=	0.24

Indigenous Bloom Hemp's Total Current Assets for the quarter that ended in Feb. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0.129	+	0.003
	=	0.13

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.

Indigenous Bloom Hemp (OTCPK:VRTHF) 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.

Indigenous Bloom Hemp's Liquidation Value for the quarter that ended in Feb. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	2.47	+	0.75 * 0	+	0.5 * 0.129
=	-2.41

Indigenous Bloom Hemp Total Current Assets Related Terms

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Indigenous Bloom Hemp (Indigenous Bloom Hemp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Indigenous Bloom Hemp Corp (OTCPK:VRTHF) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7

Website

https://www.indigenousbloomcorporate.com

Indigenous Bloom Hemp Corp is in business to produce and sell hemp extracts. It is engaged in the farming and cultivation of hemp biomass for third-party processing to extract cannabidiol (CBD) oils, distillate or isolate. The resulting solution can then be used for the production of many CBD products.