Renewable Innovations (Renewable Innovations) Total Current Assets : $2.22 Mil (As of Feb. 2023)

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What is Renewable Innovations Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Renewable Innovations's total current assets for the quarter that ended in Feb. 2023 was $2.22 Mil.

Renewable Innovations Total Current Assets Historical Data

The historical data trend for Renewable Innovations'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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Renewable Innovations Total Current Assets Chart

Renewable Innovations Annual Data

Trend

Nov20

Nov21

Nov22

Total Current Assets

0.81

2.31

Renewable Innovations Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Total Current Assets	Get a 7-Day Free Trial								0.08	0.11	0.10	2.31	2.22

Renewable Innovations 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.

Renewable Innovations's Total Current Assets for the fiscal year that ended in Nov. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.26	+	0.118	+	0.347	+	0.584
	=	2.31

Renewable Innovations's Total Current Assets for the quarter that ended in Feb. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.26	+	0.615	+	0.561	+	0.783
	=	2.22

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.

Renewable Innovations (OTCPK:REII) 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.

Renewable Innovations's Liquidation Value for the quarter that ended in Feb. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.26	-	7.967	+	0.75 * 0.031	+	0.5 * 0.561
=	-7.40

Renewable Innovations Total Current Assets Related Terms

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Renewable Innovations (Renewable Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Renewable Innovations Inc (OTCPK:REII) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

588 West 400 South, Suite 110, Lindon, UT, USA, 84042

Website

https://www.renewable-innovations.com

Renewable Innovations Inc is a clean, hydrogen fuel cell energy systems company. It imagines, designs, and builds hydrogen-powered systems to bring green, clean solutions across industries, particularly the EV charging market. It offers Hydrogen Fuel Cell (HFC) scalable backup and primary power systems; Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market to help close the Grid Gap, hydrogen transport and refueling vehicle, and Greenhouse Grids to power communities.

Executives

Lynn Bagley Barney	director, 10 percent owner, officer: CFO, Sec, Director	1851 FAIRWAY LANE, DRAPER UT 84020
Robert L. Mount	director, 10 percent owner, officer: CEO, Pres, Director	752 N. MERIDIAN DRIVE, SARATOGA SPRINGS UT 84045
William Donald Mcleod	director, officer: President	129 COUNTRY PLACE COURT, COLUMBIA SC 29212
Thomas Michael Grbelja	officer: Treasurer and Secretary	151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Alex Aliksanyan	director, officer: Chief Executive Officer	C/O NEXT 1 INTERACTIVE, INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331