SMFL (Smart for Life) Total Current Assets : $2.33 Mil (As of Dec. 2023)

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What is Smart for Life Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Smart for Life's total current assets for the quarter that ended in Dec. 2023 was $2.33 Mil.

Smart for Life Total Current Assets Historical Data

The historical data trend for Smart for Life'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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Smart for Life Total Current Assets Chart

Smart for Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

0.72

0.69

4.34

3.60

2.33

Smart for Life Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial									3.60	2.78	3.15	2.55	2.33

Smart for Life 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.

Smart for Life'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
	=	0.189	+	0.402	+	1.243	+	0.498
	=	2.33

Smart for Life's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.189	+	0.402	+	1.243	+	0.498
	=	2.33

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.

Smart for Life (OTCPK:SMFL) 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.

Smart for Life's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.189	-	26.047	+	0.75 * 0.07	+	0.5 * 1.243
=	-25.18

Smart for Life Total Current Assets Related Terms

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Smart for Life Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart for Life Inc (OTCPK:SMFL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

990 Biscayne Boulevard, Suite 505, Miami, FL, USA, 33132

Website

https://www.smartforlifecorp.com

Smart for Life Inc is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. It generates revenues by manufacturing and packaging nutraceutical products as a contract manufacturer for customers.

Executives

Trilogy Capital Group, Llc	10 percent owner	10575 NW 37 TERRACE, MIAMI FL 33178
Cervantes Alfonso J. Jr	director, 10 percent owner, officer: Executive Chairman	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Arthur S Reynolds	director
Ronald S. Altbach	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Richard M Cohen	director	C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031
Darren C. Minton	director, 10 percent owner, officer: President	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Ryan F. Zackon	director, officer: Chief Executive Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Alan B. Bergman	officer: Chief Financial Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Robert S. Rein	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Wood Roger Conley	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132