Prom Resources (Prom Resources) Total Current Assets : $0.00 Mil (As of . 20)

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What is Prom Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Prom Resources's total current assets for the quarter that ended in . 20 was $0.00 Mil.

Prom Resources Total Current Assets Historical Data

The historical data trend for Prom Resources'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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Prom Resources Total Current Assets Chart

Prom Resources Annual Data

Trend

Total Current Assets

Prom Resources Quarterly Data

Total Current Assets

Prom Resources 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.

Prom Resources's Total Current Assets for the fiscal year that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

Prom Resources's Total Current Assets for the quarter that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

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.

Prom Resources (OTCPK:PRMO) 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.

Prom Resources's Liquidation Value for the quarter that ended in . 20 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=		-		+	0.75 *	+	0.5 *
=	0.00

Prom Resources Total Current Assets Related Terms

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Prom Resources (Prom Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Prom Resources Inc (OTCPK:PRMO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

13935 Lynmar Boulevard, Tampa, FL, USA, 33626

Website

https://www.promrestaurants.com

Prom Resources Inc is a holding company engaged in the acquisition of franchise corporations in the food services industry. The Company provides financial analysis and consolidation services for food service acquisition targets. The company wishes to be a growing restaurant company and franchise, with portfolio of differentiated restaurant concepts.

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