Novus Acquisition & Development (Novus Acquisition & Development) Total Current Assets : $0.20 Mil (As of Sep. 2023)

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What is Novus Acquisition & Development Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Novus Acquisition & Development's total current assets for the quarter that ended in Sep. 2023 was $0.20 Mil.

Novus Acquisition & Development Total Current Assets Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development Total Current Assets Chart

Novus Acquisition & Development Annual Data

Trend

Total Current Assets

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Total Current Assets	-	0.20

Novus Acquisition & Development 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.

Novus Acquisition & Development'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

Novus Acquisition & Development's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.198	+	0	+	0	+	0
	=	0.20

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.

Novus Acquisition & Development (OTCPK:NDEV) 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.

Novus Acquisition & Development's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.198	-	0.046	+	0.75 * 0	+	0.5 * 0
=	0.15

Novus Acquisition & Development Total Current Assets Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.