Polaris Renewable Energy (Polaris Renewable Energy) Total Current Assets : $55.57 Mil (As of Mar. 2024)

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What is Polaris Renewable Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Polaris Renewable Energy's total current assets for the quarter that ended in Mar. 2024 was $55.57 Mil.

Polaris Renewable Energy Total Current Assets Historical Data

The historical data trend for Polaris Renewable Energy'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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Polaris Renewable Energy Total Current Assets Chart

Polaris Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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48.68

81.72

110.14

50.61

54.04

Polaris Renewable Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															51.52	54.35	56.95	54.04	55.57

Polaris Renewable Energy 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.

Polaris Renewable Energy's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	40.053	+	10.63	+	0	+	3.359
	=	54.04

Polaris Renewable Energy's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	41.013	+	11.825	+	0	+	2.736
	=	55.57

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.

Polaris Renewable Energy (OTCPK:RAMPF) 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.

Polaris Renewable Energy's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	41.013	-	243.97	+	0.75 * 11.825	+	0.5 * 0
=	-194.09

Polaris Renewable Energy Total Current Assets Related Terms

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Polaris Renewable Energy (Polaris Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Polaris Renewable Energy Inc (OTCPK:RAMPF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N4T:Germany PIF:Canada

Address

7 St. Thomas Street, Suite 606, Toronto, ON, CAN, M5S 2B7

Website

https://www.polarisrei.com

Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development and operation of renewable energy projects in the Americas. The Company operates in five reportable operating segments: 1) Nicaragua which includes the acquisition, exploration, development and operation of a geothermal project; 2) Peru which includes the acquisition, exploration, development and operation of hydroelectric projects; 3) Panama which includes acquisition, development and operation of solar projects; 4) Dominican Republic which includes acquisition, development and operation of solar projects; 5) Ecuador which includes acquisition, exploration, development and operation of hydroelectric projects.