Solve Plastic Products (NSE:BALCO) Total Current Assets : ₹143.3 Mil (As of Mar. 2024)

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What is Solve Plastic Products Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Solve Plastic Products's total current assets for the quarter that ended in Mar. 2024 was ₹143.3 Mil.

Solve Plastic Products Total Current Assets Historical Data

The historical data trend for Solve Plastic Products'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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Solve Plastic Products Total Current Assets Chart

Solve Plastic Products Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Current Assets

144.72

114.11

120.42

143.34

Solve Plastic Products Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Total Current Assets	144.72	114.11	120.42	143.34

Solve Plastic Products 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.

Solve Plastic Products's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.097	+	52.854	+	76.163	+	14.23
	=	143.3

Solve Plastic Products's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.097	+	52.854	+	76.163	+	14.23
	=	143.3

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.

Solve Plastic Products (NSE:BALCO) 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.

Solve Plastic Products's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.097	-	177.274	+	0.75 * 50.54	+	0.5 * 76.163
=	-101.2

Solve Plastic Products Total Current Assets Related Terms

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Solve Plastic Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solve Plastic Products Ltd (NSE:BALCO) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

Powerhouse Ward, 2nd Floor, BALCO Building, XXIX/456, Tholicode P.O. Punalur, Kollam, KL, IND, 691333

Website

https://www.balcopipes.com

Solve Plastic Products Ltd manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. The Company is committed to constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

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