DG Innovate (LSE:DGI) Total Current Assets : £2.28 Mil (As of Dec. 2023)

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What is DG Innovate Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. DG Innovate's total current assets for the quarter that ended in Dec. 2023 was £2.28 Mil.

DG Innovate Total Current Assets Historical Data

The historical data trend for DG Innovate'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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DG Innovate Total Current Assets Chart

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Total Current Assets

1.37

0.42

0.49

1.26

2.28

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial				6.38	2.62	1.26	0.58	2.28

DG Innovate 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.

DG Innovate'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
	=	1.88	+	0.115	+	0	+	0.289
	=	2.28

DG Innovate's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.88	+	0.115	+	0	+	0.289
	=	2.28

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.

DG Innovate (LSE:DGI) 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.

DG Innovate's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.88	-	2.86	+	0.75 * 0	+	0.5 * 0
=	-0.98

DG Innovate Total Current Assets Related Terms

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DG Innovate Business Description

Industry

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Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and engineering & scientific practices. The company is currently developing its products alongside several major manufacturers across the transportation and energy sectors, research institutions and the UK Government and has filed 18 patents worldwide.