Maverick Lifestyle (Maverick Lifestyle) Total Current Assets : $1.32 Mil (As of Jun. 2023)

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What is Maverick Lifestyle Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Maverick Lifestyle's total current assets for the quarter that ended in Jun. 2023 was $1.32 Mil.

Maverick Lifestyle Total Current Assets Historical Data

The historical data trend for Maverick Lifestyle'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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Maverick Lifestyle Total Current Assets Chart

Maverick Lifestyle Annual Data

Trend

Dec20

Dec21

Dec22

Total Current Assets

0.55

1.61

0.94

Maverick Lifestyle Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Total Current Assets	Get a 7-Day Free Trial			-	-	0.94	1.17	1.32

Maverick Lifestyle 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.

Maverick Lifestyle's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.113	+	0.239	+	0.523	+	0.061
	=	0.94

Maverick Lifestyle's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.204	+	0.414	+	0.651	+	0.054
	=	1.32

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.

Maverick Lifestyle (NAS:MVRK) 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.

Maverick Lifestyle's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.204	-	12.217	+	0.75 * 0.154	+	0.5 * 0.651
=	-11.57

Maverick Lifestyle Total Current Assets Related Terms

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Maverick Lifestyle (Maverick Lifestyle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883

Website

Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

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