IGOT (Fomo Worldwide) Total Current Assets: $0.36 Mil (As of Mar. 2024)


What is Fomo Worldwide Total Current Assets?

Fomo Worldwide IGOT Total Current Assets is $0.36 Mil as of Mar. 2024.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Fomo Worldwide's total current assets for the quarter that ended in Mar. 2024 was $0.36 Mil.

Fomo Worldwide  (OTCPK:IGOT) 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.

Fomo Worldwide'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)
=0.01-4.36+0.75 * 0.26+0.5 * 0.084
=-4.11

* 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.

Fomo Worldwide Total Current Assets Related Terms

Fomo Worldwide Total Current Assets Historical Data

* Premium members only.

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Total Current Assets Chart

Fomo Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.03 0.19 2.22 0.48

Fomo Worldwide 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.38 1.00 0.88 0.48 0.36

Fomo Worldwide 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.

Fomo Worldwide'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
=0.004+0.398+0.07+0.008
=0.48

Fomo Worldwide'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
=0.01+0.26+0.084+0.008
=0.36

* 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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of $0.36 Mil mean?
Fomo Worldwide (IGOT) has a Total Current Assets of $0.36 Mil as of Mar. 2024. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Fomo Worldwide and its competitors.
Is Fomo Worldwide's Total Current Assets too high?
Fomo Worldwide's current Total Current Assets is $0.36 Mil.
How does Fomo Worldwide's Total Current Assets compare to TNRG and BLK?
Fomo Worldwide's Total Current Assets of $0.36 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for an Asset Management company?
A good Total Current Assets depends on the Asset Management industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Fomo Worldwide and its competitors. Fomo Worldwide's current Total Current Assets is $0.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomo Worldwide stock overvalued right now?
Fomo Worldwide (IGOT) has a current Total Current Assets of $0.36 Mil. The current Total Current Assets is $0.36 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For Fomo Worldwide (IGOT), the current Total Current Assets is $0.36 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fomo Worldwide Business Description

Address 625 Stanwix Street, Suite 2504, Pittsburgh, PA, USA, 15222
Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.