GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Fortune High Grade Ltd (LSE:GFHG) » Definitions » Total Current Assets

Grand Fortune High Grade (LSE:GFHG) Total Current Assets : £1.09 Mil (As of Oct. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Grand Fortune High Grade Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Grand Fortune High Grade's total current assets for the quarter that ended in Oct. 2023 was £1.09 Mil.

Grand Fortune High Grade Total Current Assets Historical Data

The historical data trend for Grand Fortune High Grade'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.

Grand Fortune High Grade Total Current Assets Chart

Grand Fortune High Grade Annual Data
Trend Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Total Current Assets
Get a 7-Day Free Trial 2.87 2.45 2.06 1.77 1.43

Grand Fortune High Grade Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.87 1.77 1.60 1.43 1.09

Grand Fortune High Grade 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.

Grand Fortune High Grade's Total Current Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=1.426+0+0+0
=1.43

Grand Fortune High Grade's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=1.093+0+0+0
=1.09

* 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.

Grand Fortune High Grade  (LSE:GFHG) 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.

Grand Fortune High Grade's Liquidation Value for the quarter that ended in Oct. 2023 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1.093-0.05+0.75 * 0+0.5 * 0
=1.04

* 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.

Grand Fortune High Grade Total Current Assets Related Terms

Thank you for viewing the detailed overview of Grand Fortune High Grade's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Grand Fortune High Grade (LSE:GFHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Fortune High Grade Ltd (LSE:GFHG) » Definitions » Total Current Assets
Comparable Companies
BOM:501370 BOM:532019 OSTO:APRNDR HKSE:08417 HKSE:08160 BOM:533540 ISX:IDEA LEAI HKSE:08363 BOM:534312
Traded in Other Exchanges
N/A
Address
No. 2193 Guangyuan East, Room No. 1805, Times New World Center, Tianhe District, Guangdong Province, Guangzhou, CHN
Website
http://www.gf-hg.com
Grand Fortune High Grade Ltd provides financial training, corporate training, and professional qualification courses. The company is focused on development, by organic growth, it's a financial training business to satisfy the significant demand for financial sector specialists. The firm operates in a single segment namely the Development and operation of financial training courses in China.

Grand Fortune High Grade (LSE:GFHG) Headlines

No Headlines