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IRAAU (Iris Acquisition) Total Current Assets : $0.39 Mil (As of Sep. 2024)


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What is Iris Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Iris Acquisition's total current assets for the quarter that ended in Sep. 2024 was $0.39 Mil.

Iris Acquisition Total Current Assets Historical Data

The historical data trend for Iris 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.

* Premium members only.

Iris Acquisition Total Current Assets Chart

Iris Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Assets
0.30 0.42 0.36 0.21

Iris Acquisition Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.36 0.21 1.51 0.41 0.39

Iris 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.

Iris Acquisition'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
=0.156+0.054+0+0.001
=0.21

Iris Acquisition's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.326+0.016+0+0.052
=0.39

* 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.

Iris Acquisition  (OTCPK:IRAAU) 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.

Iris Acquisition's Liquidation Value for the quarter that ended in Sep. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.326-17.323+0.75 * 0+0.5 * 0
=-17.00

* 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.

Iris Acquisition Total Current Assets Related Terms

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Iris Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Iris Acquisition Corp (OTCPK:IRAAU) » Definitions » Total Current Assets
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Traded in Other Exchanges
IRAA:USA
Address
122 Mary Street, P.O. Box 10085, 3rd Floor Zephyr House, George Town, Grand Cayman, CYM, KY1-1001
Website
https://www.tribecap.co
Iris Acquisition Corp is a blank check company.
Executives
Moore Global Investments, Llc 10 percent owner C/O MOORE CAPITAL MANAGEMENT, LP, 11 TIMES SQUARE, NEW YORK NY 10036
Mmf Lt, Llc 10 percent owner C/O MOORE CAPITAL MANAGEMENT, LP, 11 TIMES SQUARE, NEW YORK NY 10036
Moore Capital Management, Lp 10 percent owner 11 TIMES SQUARE, 39TH FLOOR, NEW YORK NY 10036
Moore Capital Advisors Llc 10 percent owner 11 TIMES SQUARE, 39TH FLOOR, NEW YORK NY 10036
Louis M Bacon 10 percent owner 11 TIMES SQUARE, 39TH FLOOR, MOORE CAPITAL MANAGEMENT LP, NEW YORK NY 10036
Shashibhushan Borade director 3RD FLOOR ZEPHYR HOUSE, 122 MARY STREET, PO BOX 10085, GEORGE TOWN, GRAND CAYMAN E9 KY1-1001
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Manish C. Shah director 1115 BROADWAY, TENTH FLOOR, NEW YORK NY 10010
Omkar Halady officer: Vice President UNIT 1611 INDEX TOWER DIFC, PO BOX 941641, DUBAI C0 00000
Lisha Parmar officer: Chief Financial Officer UNIT 1611 INDEX TOWER DIFC, PO BOX 941641, DUBAI C0 00000
Omar Chohan officer: Chief Financial Officer 2700 19TH STREET, SAN FRANCISCO CA 94110
Duriya M Farooqui director C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Arjun Sethi director, officer: Chairman & CEO 2700 19TH STREET, SAN FRANCISCO CA 94110
Sumit Mehta officer: Vice President 2700 19TH STREET, SAN FRANCISCO CA 94110