ZING (FTAC Zeus Acquisition) Total Current Assets : $0.27 Mil (As of Jun. 2023)

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What is FTAC Zeus Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. FTAC Zeus Acquisition's total current assets for the quarter that ended in Jun. 2023 was $0.27 Mil.

FTAC Zeus Acquisition Total Current Assets Historical Data

The historical data trend for FTAC Zeus Acquisition'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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FTAC Zeus Acquisition Total Current Assets Chart

FTAC Zeus Acquisition Annual Data

Trend

Dec21

Dec22

Total Current Assets

3.49

0.57

FTAC Zeus Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Current Assets	Get a 7-Day Free Trial					1.93	1.19	0.57	0.11	0.27

FTAC Zeus Acquisition 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.

FTAC Zeus Acquisition'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
	=	0.557	+	0	+	0	+	0.0099999999999999
	=	0.57

FTAC Zeus Acquisition's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.213	+	0	+	0	+	0.052
	=	0.27

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.

FTAC Zeus Acquisition (NAS:ZING) 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.

FTAC Zeus Acquisition's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.213	-	25.111	+	0.75 * 0	+	0.5 * 0
=	-24.90

FTAC Zeus Acquisition Total Current Assets Related Terms

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FTAC Zeus Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Zeus Acquisition Corp (NAS:ZING) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104

Website

FTAC Zeus Acquisition Corp is a blank check company.

Executives

Daniel G Cohen	director, 10 percent owner	712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr.	officer: CFO and Secretary	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Ryan Mark Gilbert	director, 10 percent owner, officer: President and CEO	2201 BROADWAY STE 705, OAKLAND CA 94612
Lynn Eisenhart	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Zeus Sponsor Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Zeus Advisors Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Stephen E Lefkovits	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Rochael S Adranly	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Volker G Berl	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104