CNTM (ConnectM Technology Solutions) Total Current Assets : $7.45 Mil (As of Sep. 2024)

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What is ConnectM Technology Solutions Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. ConnectM Technology Solutions's total current assets for the quarter that ended in Sep. 2024 was $7.45 Mil.

ConnectM Technology Solutions Total Current Assets Historical Data

The historical data trend for ConnectM Technology Solutions'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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ConnectM Technology Solutions Total Current Assets Chart

ConnectM Technology Solutions Annual Data

Trend

Dec21

Dec22

Total Current Assets

2.09

4.66

ConnectM Technology Solutions Quarterly Data
	Dec21	Sep22	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial			-	9.24	8.23	0.27	7.45

ConnectM Technology Solutions 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.

ConnectM Technology Solutions'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
	=	1.923	+	1.164	+	0.656	+	0.92
	=	4.66

ConnectM Technology Solutions's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.882	+	1.863	+	0.32	+	3.387
	=	7.45

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.

ConnectM Technology Solutions (NAS:CNTM) 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.

ConnectM Technology Solutions's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.882	-	40.775	+	0.75 * 1.863	+	0.5 * 0.32
=	-37.34

ConnectM Technology Solutions Total Current Assets Related Terms

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ConnectM Technology Solutions Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

2 Mount Royal Avenue, Suite 550, Marlborough, MA, USA, 01752

Website

https://www.connectm.com

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.