Pineapple Financial (Pineapple Financial) Total Current Assets : $2.42 Mil (As of Feb. 2024)

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What is Pineapple Financial Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Pineapple Financial's total current assets for the quarter that ended in Feb. 2024 was $2.42 Mil.

Pineapple Financial Total Current Assets Historical Data

The historical data trend for Pineapple Financial'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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Pineapple Financial Total Current Assets Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Total Current Assets

7.23

4.49

1.70

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Current Assets	Get a 7-Day Free Trial					2.43	1.74	1.70	3.42	2.42

Pineapple Financial 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.

Pineapple Financial's Total Current Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.72	+	0.759	+	0	+	0.219
	=	1.70

Pineapple Financial's Total Current Assets for the quarter that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.34	+	0.69	+	0	+	0.387
	=	2.42

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.

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial's Liquidation Value for the quarter that ended in Feb. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.34	-	2.623	+	0.75 * 0.69	+	0.5 * 0
=	-0.77

Pineapple Financial Total Current Assets Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.