NGHI (New Green Hemp) Total Current Assets: $1.26 Mil (As of Mar. 2019)


What is New Green Hemp Total Current Assets?

New Green Hemp NGHI Total Current Assets is $1.26 Mil as of Mar. 2019.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. New Green Hemp's total current assets for the quarter that ended in Mar. 2019 was $1.26 Mil.

New Green Hemp  (OTCPK:NGHI) 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.

New Green Hemp's Liquidation Value for the quarter that ended in Mar. 2019 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.123-2.387+0.75 * 0.984+0.5 * 0.158
=-1.45

* 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.

New Green Hemp Total Current Assets Related Terms

New Green Hemp Total Current Assets Historical Data

* Premium members only.

The historical data trend for New Green Hemp'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.

New Green Hemp Total Current Assets Chart

New Green Hemp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Total Current Assets
Get a 7-Day Free Trial 0.35 1.12 0.53 0.55 1.27

New Green Hemp Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.30 1.19 1.68 1.27 1.26

New Green Hemp 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.

New Green Hemp's Total Current Assets for the fiscal year that ended in Dec. 2018 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.29+0.815+0.165+0
=1.27

New Green Hemp's Total Current Assets for the quarter that ended in Mar. 2019 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.123+0.984+0.158+-0.00099999999999989
=1.26

* 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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of $1.26 Mil mean?
New Green Hemp (NGHI) has a Total Current Assets of $1.26 Mil as of Mar. 2019. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for New Green Hemp and its competitors.
Is New Green Hemp's Total Current Assets too high?
New Green Hemp's current Total Current Assets is $1.26 Mil.
How does New Green Hemp's Total Current Assets compare to PKDSQ and FSNR?
New Green Hemp's Total Current Assets of $1.26 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for an Oil & Gas company?
A good Total Current Assets depends on the Oil & Gas industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for New Green Hemp and its competitors. New Green Hemp's current Total Current Assets is $1.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Green Hemp stock overvalued right now?
New Green Hemp (NGHI) has a current Total Current Assets of $1.26 Mil. The current Total Current Assets is $1.26 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For New Green Hemp (NGHI), the current Total Current Assets is $1.26 Mil as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Green Hemp Business Description

Industry EnergyOil & Gas
Address 4362 Mahan Drive, Tallahassee, FL, USA, 32308
New Green Hemp Incis focused on developing and acquiring businesses that fit into the disruptive business model of Developing, Scaling, and Financing (DSF) within synergistic industries and focused business groups.