QuickBit eu AB (NGM:QBIT) Total Current Assets : kr119 Mil (As of Sep. 2024)

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What is QuickBit eu AB Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. QuickBit eu AB's total current assets for the quarter that ended in Sep. 2024 was kr119 Mil.

QuickBit eu AB Total Current Assets Historical Data

The historical data trend for QuickBit eu AB'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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QuickBit eu AB Total Current Assets Chart

QuickBit eu AB Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Current Assets

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145.05

280.22

202.61

66.51

94.82

QuickBit eu AB 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															73.35	51.46	69.03	94.82	119.21

QuickBit eu AB 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.

QuickBit eu AB's Total Current Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	38.381	+	48.54	+	1.129	+	6.773
	=	95

QuickBit eu AB'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
	=	49.953	+	62.441	+	0	+	6.812
	=	119

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.

QuickBit eu AB (NGM:QBIT) 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.

QuickBit eu AB'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)
=	49.953	-	148.724	+	0.75 * 0	+	0.5 * 0
=	-99

QuickBit eu AB Total Current Assets Related Terms

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QuickBit eu AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » QuickBit eu AB (NGM:QBIT) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

QBT:Germany

Address

Lastmakargatan 20, Stockholm, SWE, SE-111 44

Website

https://www.quickbit.com

QuickBit eu AB is a Swedish fintech company. The company offers solutions for e-merchants to charge consumers in cryptocurrency and will launch solutions for people to easily use cryptocurrency in their everyday lives. The company also offers services to consumers with user-friendly secure solutions using Quickbit App and Quickbit Card.

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