Fintech Asia (LSE:FINA) Total Current Assets : £0.53 Mil (As of Jun. 2024)

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What is Fintech Asia Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Fintech Asia's total current assets for the quarter that ended in Jun. 2024 was £0.53 Mil.

Fintech Asia Total Current Assets Historical Data

The historical data trend for Fintech Asia'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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Fintech Asia Total Current Assets Chart

Fintech Asia Annual Data

Trend

Total Current Assets

Fintech Asia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun24
Total Current Assets	-	0.22	0.92	0.53

Fintech Asia 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.

Fintech Asia's Total Current Assets for the fiscal year that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

Fintech Asia'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
	=	0.516	+	0	+	0	+	0.01
	=	0.53

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.

Fintech Asia (LSE:FINA) 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.

Fintech Asia'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)
=	0.516	-	3.853	+	0.75 * 0	+	0.5 * 0
=	-3.34

Fintech Asia Total Current Assets Related Terms

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Fintech Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fintech Asia Ltd (LSE:FINA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Les Echelons Court, Les Echelons, Saint Peter Port, GGY, GY1 1AR

Website

https://www.fintechasialtd.com

Fintech Asia Ltd is an investment company. The principal activity of the company is to undertake the acquisition of one or more companies or businesses in the financial technology sector that offer new technologies that seek to improve and automate the delivery and use of financial services in Asia or from Asia into the Western economies. It is formed to undertake acquisitions of target companies or businesses in the Fintech sector.

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