ABVEF (Above Food Ingredients) Total Current Assets: $28.2 Mil (As of Jul. 2024)

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ABVEF Above Food Ingredients Inc ABVEF
16 GF Score
Price $0.09
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What is Above Food Ingredients Total Current Assets?

Above Food Ingredients ABVEF -0.06% 16 Total Current Assets is $28.2 Mil as of Jul. 2024. GuruFocus rates ABVEF with a GF Score™ of 16/100.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Above Food Ingredients's total current assets for the quarter that ended in Jul. 2024 was $28.2 Mil.


Above Food Ingredients  (OTCPK:ABVEF) 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.

Above Food Ingredients's Liquidation Value for the quarter that ended in Jul. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.484-165.932+0.75 * 8.185+0.5 * 6.445
=-156.1

* 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.


Above Food Ingredients Total Current Assets Related Terms


Above Food Ingredients Total Current Assets Historical Data

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The historical data trend for Above Food Ingredients'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.

Above Food Ingredients Total Current Assets Chart

Above Food Ingredients Annual Data
Trend Jan22 Jan23 Jan24
Total Current Assets
84.32 76.36 50.98

Above Food Ingredients Semi-Annual Data
Jan22 Jan23 Jul23 Jan24 Jul24
Total Current Assets 84.32 76.36 0.00 50.98 28.16
ABVEF
16GF Score
Above Food Ingredients Inc ABVEF
Total Current Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Above Food Ingredients 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.

Above Food Ingredients's Total Current Assets for the fiscal year that ended in Jan. 2024 is calculated as

Above Food Ingredients's Total Current Assets for the quarter that ended in Jul. 2024 is calculated as

* 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.

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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of $28.2 Mil mean?
Above Food Ingredients (ABVEF) has a Total Current Assets of $28.2 Mil as of Jul. 2024. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Above Food Ingredients and its competitors.
Is Above Food Ingredients' Total Current Assets too high?
Above Food Ingredients' current Total Current Assets is $28.2 Mil. Overall, Above Food Ingredients has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Above Food Ingredients' Total Current Assets compare to CTGL and NATR?
Above Food Ingredients' Total Current Assets of $28.2 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for a Consumer Packaged Goods company?
A good Total Current Assets depends on the Consumer Packaged Goods industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Above Food Ingredients and its competitors. Above Food Ingredients's current Total Current Assets is $28.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Above Food Ingredients stock overvalued right now?
Above Food Ingredients (ABVEF) has a current Total Current Assets of $28.2 Mil. The current Total Current Assets is $28.2 Mil. Above Food Ingredients' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For Above Food Ingredients (ABVEF), the current Total Current Assets is $28.2 Mil as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Above Food Ingredients Business Description

Address 2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.
16GF Score

Get the complete analysis for ABVEF

Total Current Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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