Cirrus Aircraft (HKSE:02507) Total Current Assets : HK$3,722 Mil (As of Jun. 2024)

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What is Cirrus Aircraft Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Cirrus Aircraft's total current assets for the quarter that ended in Jun. 2024 was HK$3,722 Mil.

Cirrus Aircraft Total Current Assets Historical Data

The historical data trend for Cirrus Aircraft'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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Cirrus Aircraft Total Current Assets Chart

Cirrus Aircraft Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

2,469.79

3,262.18

3,331.21

Cirrus Aircraft Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Total Current Assets	2,469.79	3,262.18	-	3,331.21	3,721.63

Cirrus Aircraft 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.

Cirrus Aircraft'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
	=	1940.634	+	234.56	+	1050.934	+	105.08
	=	3,331

Cirrus Aircraft's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1692.357	+	408.197	+	1567.42	+	53.655
	=	3,722

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.

Cirrus Aircraft (HKSE:02507) 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.

Cirrus Aircraft's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1692.357	-	4466.906	+	0.75 * 88.667	+	0.5 * 1567.42
=	-1,924

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Cirrus Aircraft Business Description

Industry

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Address

4515 Taylor Circle, Duluth, MN, USA, 55811

Website

Cirrus Aircraft Ltd is engaged in aviation industry. It design, develop, manufacture, and sell premium aircraft such as SR2X Series ( SR20, SR22, SR22T) and the Vision Jet. The company generate maximum revenue from North America, Europe and Others (Africa, Asia, Australia, and Latin America).

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