MGRC (McGrath RentCorp) Total Current Assets : $250.9 Mil (As of Sep. 2024)

View and export this data going back to 1984. Start your Free Trial

What is McGrath RentCorp Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. McGrath RentCorp's total current assets for the quarter that ended in Sep. 2024 was $250.9 Mil.

McGrath RentCorp Total Current Assets Historical Data

The historical data trend for McGrath RentCorp'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.

McGrath RentCorp Total Current Assets Chart

McGrath RentCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

Get a 7-Day Free Trial

130.44

124.55

160.99

367.14

228.25

McGrath RentCorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															226.22	228.25	238.41	254.99	250.87

McGrath RentCorp 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.

McGrath RentCorp'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
	=	0.877	+	227.368	+	0	+	0
	=	228.2

McGrath RentCorp'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
	=	4.056	+	224.529	+	22.285	+	0
	=	250.9

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.

McGrath RentCorp (NAS:MGRC) 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.

McGrath RentCorp'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)
=	4.056	-	1191.576	+	0.75 * 224.529	+	0.5 * 22.285
=	-1,008.0

McGrath RentCorp Total Current Assets Related Terms

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

McGrath RentCorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (NAS:MGRC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5700 Las Positas Road, Livermore, CA, USA, 94551-7800

Website

https://www.mgrc.com

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

Executives

Joseph F Hanna	director, officer: President & CEO
John P Skenesky	officer: VP and Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Kimberly Ann Box	director	7157 TREELINE CT., GRANITE BAY CA 95746
Philip B Hawkins	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Tara Wescott	officer: Vice President Human Resources	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Trease Kristina Van	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
David M Whitney	officer: VP, Controller, PAO	5700 LOS POSITAS ROAD, LIVERMORE CA 94551
William J Dawson	director	C/O CERUS CORPORATION, 2411 STANWELL DRIVE, CONCORD CA 94520
Keith E Pratt	officer: Executive VP and CFO
Elizabeth A Fetter	director	1400 MARINA WAY SOUTH, RICHMOND CA 94804
John Lieffrig	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Gilda Malek	officer: VP, Legal General Counsel	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Dennis P Stradford	director
Nicolas C Anderson	director	3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670
Stuart Templeton Porter	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551