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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Total Current Assets : $0.27 Mil (As of Sep. 2022)


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What is FTAC Parnassus Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. FTAC Parnassus Acquisition's total current assets for the quarter that ended in Sep. 2022 was $0.27 Mil.

FTAC Parnassus Acquisition Total Current Assets Historical Data

The historical data trend for FTAC Parnassus 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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FTAC Parnassus Acquisition Total Current Assets Chart

FTAC Parnassus Acquisition Annual Data
Trend Dec20 Dec21
Total Current Assets
- 1.11

FTAC Parnassus Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Current Assets Get a 7-Day Free Trial 1.43 1.11 0.70 0.39 0.27

FTAC Parnassus 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.

FTAC Parnassus Acquisition'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
=0.811+0+0+0.3
=1.11

FTAC Parnassus Acquisition'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
=0.105+0+0+0.167
=0.27

* 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.

FTAC Parnassus Acquisition  (NAS:FTPAW) 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.

FTAC Parnassus Acquisition'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)
=0.105-11.887+0.75 * 0+0.5 * 0
=-11.78

* 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.

FTAC Parnassus Acquisition Total Current Assets Related Terms

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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Parnassus Acquisition Corp (NAS:FTPAW) » Definitions » Total Current Assets
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Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Parnassus Acquisition Corp is a blank check company. It is 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.