ParcelPal Logistics (ParcelPal Logistics) Total Current Assets : $0.32 Mil (As of Sep. 2023)

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What is ParcelPal Logistics Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. ParcelPal Logistics's total current assets for the quarter that ended in Sep. 2023 was $0.32 Mil.

ParcelPal Logistics Total Current Assets Historical Data

The historical data trend for ParcelPal Logistics'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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ParcelPal Logistics Total Current Assets Chart

ParcelPal Logistics Annual Data

Trend

Sep13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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2.05

0.85

0.51

0.71

0.26

ParcelPal Logistics Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Total Current Assets	Get a 7-Day Free Trial															0.36	0.25	0.26	0.17	0.32

ParcelPal Logistics 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.

ParcelPal Logistics's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.057	+	0.175	+	0	+	0.023
	=	0.26

ParcelPal Logistics's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.208	+	0.07	+	0	+	0.045
	=	0.32

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.

ParcelPal Logistics (OTCPK:PTNYF) 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.

ParcelPal Logistics's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.208	-	4.475	+	0.75 * 0.07	+	0.5 * 0
=	-4.21

ParcelPal Logistics Total Current Assets Related Terms

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ParcelPal Logistics (ParcelPal Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ParcelPal Logistics Inc (OTCPK:PTNYF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

PT0A:Germany PKG:Canada

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.parcelpal.com

ParcelPal Logistics Inc is a Canadian-based company that specializes in last-mile delivery service and logistics solutions, providing businesses with a smart, reliable, and affordable delivery service powered by the company's licensed technology platform. It is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of its verticals include pharmacy & health, meal kit deliveries, retail, groceries, and more.