Galaxy Next Generation (Galaxy Next Generation) Total Current Assets : $1.30 Mil (As of Mar. 2023)

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What is Galaxy Next Generation Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Galaxy Next Generation's total current assets for the quarter that ended in Mar. 2023 was $1.30 Mil.

Galaxy Next Generation Total Current Assets Historical Data

The historical data trend for Galaxy Next Generation'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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Galaxy Next Generation Total Current Assets Chart

Galaxy Next Generation Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Total Current Assets

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0.05

1.10

1.95

4.68

1.76

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Current Assets	Get a 7-Day Free Trial															2.09	1.76	1.92	2.14	1.30

Galaxy Next Generation 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.

Galaxy Next Generation's Total Current Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.301	+	0.453	+	1.002	+	0.004
	=	1.76

Galaxy Next Generation's Total Current Assets for the quarter that ended in Mar. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.17	+	0.638	+	0.487	+	0.004
	=	1.30

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.

Galaxy Next Generation (OTCPK:GAXYQ) 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.

Galaxy Next Generation's Liquidation Value for the quarter that ended in Mar. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.17	-	9.629	+	0.75 * 0.638	+	0.5 * 0.487
=	-8.74

Galaxy Next Generation Total Current Assets Related Terms

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Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577