AZREF (Azure Power Global) Total Current Assets: $331.9 Mil (As of Mar. 2024)


AZREF Azure Power Global Ltd AZREF
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What is Azure Power Global Total Current Assets?

Azure Power Global AZREF 12 Total Current Assets is $331.9 Mil as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Azure Power Global's total current assets for the quarter that ended in Mar. 2024 was $331.9 Mil.

Azure Power Global  (OTCPK:AZREF) 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.

Azure Power Global's Liquidation Value for the quarter that ended in Mar. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=89.965-1772.447+0.75 * 55.684+0.5 * 0.157
=-1,640.6

* 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.

Azure Power Global Total Current Assets Related Terms

Azure Power Global Total Current Assets Historical Data

* Premium members only.

The historical data trend for Azure Power Global'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.

Azure Power Global Total Current Assets Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 278.26 362.07 402.67 338.55 331.85

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 278.26 362.07 402.67 338.55 331.85
AZREF
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Azure Power Global Ltd AZREF
Total Current Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global 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.

Azure Power Global's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=89.965+59.406+0.157+182.326
=331.9

Azure Power Global's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=89.965+59.406+0.157+182.326
=331.9

* 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 $331.9 Mil mean?
Azure Power Global (AZREF) has a Total Current Assets of $331.9 Mil as of Mar. 2024. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Azure Power Global and its competitors.
Is Azure Power Global's Total Current Assets too high?
Azure Power Global's current Total Current Assets is $331.9 Mil. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Total Current Assets compare to SAFX and VGAS?
Azure Power Global's Total Current Assets of $331.9 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Total Current Assets depends on the Utilities - Independent Power Producers 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 Azure Power Global and its competitors. Azure Power Global's current Total Current Assets is $331.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Total Current Assets of $331.9 Mil. The current Total Current Assets is $331.9 Mil. Azure Power Global's overall GF Score™ is 12/100. 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 Azure Power Global (AZREF), the current Total Current Assets is $331.9 Mil as of Mar. 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.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Total Current Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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