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Alset Capital Acquisition (Alset Capital Acquisition) Total Current Assets : $1.10 Mil (As of Aug. 2023)


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What is Alset Capital Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Alset Capital Acquisition's total current assets for the quarter that ended in Aug. 2023 was $1.10 Mil.

Alset Capital Acquisition Total Current Assets Historical Data

The historical data trend for Alset Capital 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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Alset Capital Acquisition Total Current Assets Chart

Alset Capital Acquisition Annual Data
Trend Nov21 Nov22
Total Current Assets
0.14 1.20

Alset Capital Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Total Current Assets Get a 7-Day Free Trial 1.60 1.20 0.92 1.27 1.10

Alset Capital 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.

Alset Capital Acquisition's Total Current Assets for the fiscal year that ended in Nov. 2022 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=1.173+0.013+0+0.0090000000000001
=1.20

Alset Capital Acquisition's Total Current Assets for the quarter that ended in Aug. 2023 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.812+0.004+0+0.285
=1.10

* 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.

Alset Capital Acquisition  (NAS:ACAX) 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.

Alset Capital Acquisition's Liquidation Value for the quarter that ended in Aug. 2023 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.812-3.748+0.75 * 0+0.5 * 0
=-2.94

* 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.

Alset Capital Acquisition Total Current Assets Related Terms

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Alset Capital Acquisition (Alset Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alset Capital Acquisition Corp (NAS:ACAX) » Definitions » Total Current Assets
Comparable Companies
AQU MTRY PCCT HUDA BREZ DHAC KACL TGVC DMAQ AOGO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4800 Montgomery Lane, Suite 210, Bethesda, MD, USA, 20814
Website
https://www.alsetcapitalacquisition.com
Alset Capital Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.