Grom Social Enterprises (Grom Social Enterprises) Total Current Assets : $2.01 Mil (As of Mar. 2024)

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What is Grom Social Enterprises Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Grom Social Enterprises's total current assets for the quarter that ended in Mar. 2024 was $2.01 Mil.

Grom Social Enterprises Total Current Assets Historical Data

The historical data trend for Grom Social Enterprises'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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Grom Social Enterprises Total Current Assets Chart

Grom Social Enterprises Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1.41

1.14

8.05

5.73

3.90

Grom Social Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															5.68	3.59	3.99	3.90	2.01

Grom Social Enterprises 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.

Grom Social Enterprises's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.505	+	0.826	+	0.043	+	0.528
	=	3.90

Grom Social Enterprises's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.452	+	0.821	+	0.045	+	0.689
	=	2.01

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.

Grom Social Enterprises (NAS:GROM) 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.

Grom Social Enterprises's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.452	-	4.309	+	0.75 * 0.275	+	0.5 * 0.045
=	-3.63

Grom Social Enterprises Total Current Assets Related Terms

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Grom Social Enterprises (Grom Social Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Grom Social Enterprises Inc (NAS:GROM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431

Website

https://www.gromsocial.com

Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jason Allen Williams	officer: CFO, Secretary and Treasurer	1649 NORTHWEST 136TH AVENUE, SUNRISE FL 33323
Robert Stevens	director	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD., #6, BOCA RATON FL 33431
Norman Steven Rosenthal	director	14 TRAILS END ROAD, WILTON CT 06897-3330
Wayne Dearing	officer: President of TD Holdings Ltd.	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
Thomas J. Rutherford	director	16205 TALAVERA DE AVILA, TAMPA FL 33613
Melvin Leiner	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE 6, BOCA RATON FL 33431
Darren Marks	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE #6, BOCA RATON FL 33431
Ismael Llera	officer: CEO and CFO	2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
William Frederick Andrews	officer: Chief Operating Officer	4721 NW 27TH AVENUE, BOCA RATON FL 33434