Salzgitter AG (WBO:SZG) Total Current Assets : €5,932 Mil (As of Dec. 2023)

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What is Salzgitter AG Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Salzgitter AG's total current assets for the quarter that ended in Dec. 2023 was €5,932 Mil.

Salzgitter AG Total Current Assets Historical Data

The historical data trend for Salzgitter AG'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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Salzgitter AG Total Current Assets Chart

Salzgitter AG Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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4,518.50

3,992.90

6,004.70

6,593.30

5,931.70

Salzgitter AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															6,593.30	6,627.60	6,515.40	6,543.50	5,931.70

Salzgitter AG 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.

Salzgitter AG'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
	=	939.7	+	1824.9	+	2839.7	+	327.4
	=	5,932

Salzgitter AG'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
	=	939.7	+	1824.9	+	2839.7	+	327.4
	=	5,932

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.

Salzgitter AG (WBO:SZG) 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.

Salzgitter AG'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)
=	939.7	-	5667.5	+	0.75 * 1221.5	+	0.5 * 2839.7
=	-2,392

Salzgitter AG Total Current Assets Related Terms

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Salzgitter AG (WBO:SZG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SZGPY:USA SZGd:UK 0G77:UK SZG:Germany

Address

Eisenhüttenstrasse 99, Salzgitter, DEU, 38239

Website

https://www.salzgitter-ag.com

Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the trading segment. Steel Production Business Unit manufactures high-quality branded steel & special steel. Steel Processing Business Unit produce a broad spectrum of high-grade plate products. Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group's products & services are marketed efficiently. Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets.

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