FRSGU (First Reserve Sustainable Growth) Total Current Assets : $0.73 Mil (As of Sep. 2022)

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What is First Reserve Sustainable Growth Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. First Reserve Sustainable Growth's total current assets for the quarter that ended in Sep. 2022 was $0.73 Mil.

First Reserve Sustainable Growth Total Current Assets Historical Data

The historical data trend for First Reserve Sustainable Growth'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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First Reserve Sustainable Growth Total Current Assets Chart

First Reserve Sustainable Growth Annual Data

Trend

Dec21

Total Current Assets

1.79

First Reserve Sustainable Growth Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Current Assets	Get a 7-Day Free Trial			2.14	1.79	1.32	0.94	0.73

First Reserve Sustainable Growth 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.

First Reserve Sustainable Growth's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.113	+	0	+	0	+	0.672
	=	1.79

First Reserve Sustainable Growth's Total Current Assets for the quarter that ended in Sep. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.476	+	0	+	0	+	0.251
	=	0.73

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.

First Reserve Sustainable Growth (NAS:FRSGU) 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.

First Reserve Sustainable Growth's Liquidation Value for the quarter that ended in Sep. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.476	-	11.257	+	0.75 * 0	+	0.5 * 0
=	-10.78

First Reserve Sustainable Growth Total Current Assets Related Terms

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First Reserve Sustainable Growth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Reserve Sustainable Growth Corp (NAS:FRSGU) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 Harbor Drive, Third Floor, Stamford, CT, USA, 06902

Website

https://www.frsgcorp.com

First Reserve Sustainable Growth Corp is a blank check company.

Executives

E. Perot Bissell	director	MAXUM PETROLEUM HOLDINGS, INC., 1455 EAST PUTNAM AVENUE, OLD GREENWICH CT 06870
Adam Grosser	director	FOUNDATION CAPITAL, 70 WILLOW ROAD STE 200, MENLO PARK CA 94025
Gary Duane Reaves	director	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
Alex T Krueger	director, officer: Chairman of the Board
Neil Alan Wizel	director, officer: Chief Executive Officer	600 TRAVIS, SUITE 6000, HOUSTON TX 77002
Amy Francetic	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Mary Anne Brelinsky	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
First Reserve Sustainable Growth Sponsor Llc	10 percent owner	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Thomas S Amburgey	director, officer: Chief Financial Officer	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Marvin Odum	director	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902