QuantGate Systems (QuantGate Systems) Total Current Assets : $0.04 Mil (As of Nov. 2023)

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What is QuantGate Systems Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. QuantGate Systems's total current assets for the quarter that ended in Nov. 2023 was $0.04 Mil.

QuantGate Systems Total Current Assets Historical Data

The historical data trend for QuantGate Systems'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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QuantGate Systems Total Current Assets Chart

QuantGate Systems Annual Data

Trend

May11

May12

May13

May14

May15

May16

May20

May21

May22

May23

Total Current Assets

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2.74

0.01

0.24

0.47

0.09

QuantGate Systems Quarterly Data
	Feb16	May16	Aug16	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Current Assets	Get a 7-Day Free Trial															0.13	0.09	0.09	0.06	0.04

QuantGate Systems 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.

QuantGate Systems's Total Current Assets for the fiscal year that ended in May. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.07	+	0.014	+	0	+	0.004
	=	0.09

QuantGate Systems's Total Current Assets for the quarter that ended in Nov. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.006	+	0.035	+	0	+	0.002
	=	0.04

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.

QuantGate Systems (OTCPK:QGSI) 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.

QuantGate Systems's Liquidation Value for the quarter that ended in Nov. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.006	-	4.344	+	0.75 * 0	+	0.5 * 0
=	-4.34

QuantGate Systems Total Current Assets Related Terms

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QuantGate Systems (QuantGate Systems) Business Description

Industry

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Traded in Other Exchanges

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Address

99 Wall Street, Suite 1701, New York, NY, USA, 10005

Website

https://www.quantgatesystems.com

QuantGate Systems Inc is a Fintech company, developing Artificial Intelligence, Machine Learning and big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. Pilot Trading is a wholly owned subsidiary of the company. Its core intelligence identifies investment opportunities across multiple asset classes, rooted in the financial markets, and for cryptocurrency exchanges, enabling valued clients to make better informed investment decisions. Turnkey solutions and efficient API's, founded on robust and scalable SaaS architecture, allow third party integration for onboarding existing users, and scaling globally.

Executives

Jack J. Bensimon	officer: Chief Executive Officer	34 KING ST. E. SUITE 1010, TORONTO A6 M5C 2X8
Ontario 1476448	10 percent owner	1927 SHELLARD ROAD, CAMBRIDGE A6 N1R 5S7
Murray Simser	officer: CEO and President	C/O MOBILE INTEGRATED SYSTEMS, INC., 25 ADELAIDE STREET EAST, SUITE 502, TORONTO A6 M5C 3A1
Benjamin Chesir	other: Former Director	ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Richard Schaeffer	other: Former Director	C/O LIQUID HOLDINGS GROUP, INC., 800 THIRD AVE., 39TH FLOOR, NEW YORK NY 10022
Emlyn David	director, officer: Chief Executive Officer	SUITE 502, 25 ADELAIDE STREET, TORONTO A6 M5C 3A1
James Mcgovern	other: Former Director	C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
Fulvio Ciano	officer: President and CTO	142 BANFF RD., TORONTO A6 M4P 2P7
Todd Halpern	director	C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
2238646 Ontario Inc.	10 percent owner	23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Alan Ralph	director	48 ROYAL HENLEY BLVD., ST. CATHARINES A6 L2N4S1
J Trevor Eyton	director	PO BOX 723040, ATLANTA GA 30339
Baker A. Stephen	officer: Chief Technology Officer	2361 SOUTHCOTT ROAD, PICKERING A6 L1X 2T3
Jason Randall Barrs	director	23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Donald Ziraldo	director	15468 NIAGARA PARKWAY, NIAGARA ON THE LAKE A6 L0S 1J0

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