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FTEV.U (FinTech Evolution Acquisition Group) Total Current Assets : $0.26 Mil (As of Sep. 2022)


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What is FinTech Evolution Acquisition Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. FinTech Evolution Acquisition Group's total current assets for the quarter that ended in Sep. 2022 was $0.26 Mil.

FinTech Evolution Acquisition Group Total Current Assets Historical Data

The historical data trend for FinTech Evolution Acquisition Group'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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FinTech Evolution Acquisition Group Total Current Assets Chart

FinTech Evolution Acquisition Group Annual Data
Trend Dec20 Dec21
Total Current Assets
- 0.81

FinTech Evolution Acquisition Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Current Assets Get a 7-Day Free Trial 1.23 0.81 0.66 0.43 0.26

FinTech Evolution Acquisition Group 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.

FinTech Evolution Acquisition Group'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
=0.525+0+0+0.289
=0.81

FinTech Evolution Acquisition Group'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
=0.12+0+0+0.139
=0.26

* 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.

FinTech Evolution Acquisition Group  (NYSE:FTEV.U) 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.

FinTech Evolution Acquisition Group'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)
=0.12-12.329+0.75 * 0+0.5 * 0
=-12.21

* 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.

FinTech Evolution Acquisition Group Total Current Assets Related Terms

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FinTech Evolution Acquisition Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FinTech Evolution Acquisition Group (NYSE:FTEV.U) » Definitions » Total Current Assets
Comparable Companies
FTPA EMLD CNDA FTCV FTVI PICC BACA ATVC EAC NVSA GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, New York, NY, USA, 10105
Website
https://www.fintechevolution.net
FinTech Evolution Acquisition Group is a blank check company.
Executives
Caroline Grace director 200 E. RANDOLPH ST., CHICAGO IL 60601
Rohit Bhagat director, 10 percent owner, officer: Chief Executive Officer BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Charles G Goldman director C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
Michael Arthur Latham director, 10 percent owner, officer: Chief Operating Officer 200 WEST STREET, NEW YORK NY 10282
Christopher Gaertner director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fintech Evolution Sponsor Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105