OLB (The OLB Group) Total Current Assets : $0.75 Mil (As of Dec. 2024)

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What is The OLB Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. The OLB Group's total current assets for the quarter that ended in Dec. 2024 was $0.75 Mil.

The OLB Group Total Current Assets Historical Data

The historical data trend for The OLB Group'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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The OLB Group Total Current Assets Chart

The OLB Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Current Assets

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4.21

4.89

3.39

1.82

0.75

The OLB Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Current Assets	Get a 7-Day Free Trial															1.82	1.31	0.59	0.64	0.75

The OLB Group 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.

The OLB Group's Total Current Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.027	+	0.7	+	0	+	0.019
	=	0.75

The OLB Group's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.027	+	0.7	+	0	+	0.019
	=	0.75

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.

The OLB Group (NAS:OLB) 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.

The OLB Group's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.027	-	9.491	+	0.75 * 0.101	+	0.5 * 0
=	-9.39

The OLB Group Total Current Assets Related Terms

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The OLB Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The OLB Group Inc (NAS:OLB) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1120 Avenue of the Americas, 4th Floor, New York, NY, USA, 10036

Website

https://www.olb.com

The OLB Group Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. It focuses on a suite of products in the merchant services marketplace and seeks to provide integrated business solutions to merchants throughout the United States. Along with its subsidiaries, the company offers a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses, whether online or at a brick-and-mortar location, payment processing solutions, payment gateway, virtual terminal with proprietary business management tools, and crowdfunding solutions. The Company has two business segments; Fintech Services which generates key revenue, and the Bitcoin Mining business segment.

Executives

Patrick G Smith	officer: Vice President	200 PARK AVENUE, SUITE 1700, NEW YORK NY 10166
Ronny Yakov	director, 10 percent owner, officer: see remarks	1120 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John E Herzog	10 percent owner	C/O HERZOG & CO., INC., 824 HARBOR ROAD, SOUTHPORT CT 06890
Ehud Ernst	director	8 RAZIEL STREET, TEL AVIV L3 00000
Alina Dulimof	director	200 PARK AVENUE, SUITE 1700, NEW YORK NY 10166
Amir Sternhell	director	SERTAINTY CORPORATION, 1420 DONALDSON PIKE A-20, NASHVILLE TN 37217
George Katsiaunis	director	96 WOODLAND PARK DRIVE, TENAFLY NJ 07670
Rachel Boulds Cpa, Pllc	officer: Chief Financial Officer	6371 S. GLENOAKS STREET, MURRAY UT 84107