Optima Medical Innovations (Optima Medical Innovations) Total Current Assets : $0.16 Mil (As of Sep. 2021)

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What is Optima Medical Innovations Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Optima Medical Innovations's total current assets for the quarter that ended in Sep. 2021 was $0.16 Mil.

Optima Medical Innovations Total Current Assets Historical Data

The historical data trend for Optima Medical 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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Optima Medical Innovations Total Current Assets Chart

Optima Medical Innovations Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Total Current Assets

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0.16

0.06

0.27

0.41

0.47

Optima Medical Innovations Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Total Current Assets	Get a 7-Day Free Trial															10.04	0.47	0.29	0.36	0.16

Optima Medical 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.

Optima Medical Innovations's Total Current Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.105	+	0.043	+	0.002	+	0.321
	=	0.47

Optima Medical Innovations's Total Current Assets for the quarter that ended in Sep. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.05	+	0.002	+	0.111
	=	0.16

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.

Optima Medical Innovations (OTCPK:TOKIF) 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.

Optima Medical Innovations's Liquidation Value for the quarter that ended in Sep. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	3.356	+	0.75 * 0.05	+	0.5 * 0.002
=	-3.32

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Optima Medical Innovations (Optima Medical Innovations) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Medical Innovations Corp (OTCPK:TOKIF) » Definitions » Total Current Assets

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Address

5460 Yonge Street, Unit 209, Toronto, ON, CAN, M2N 6K7

Website

https://www.tokicorp.com

Optima Medical Innovations Corp delivers pathways to innovative, science-based health and wellness solutions. It focuses on multi-disciplinary pain management. The group is also engaged in the development of solutions, products and treatments for pain relief, wellness and Cancer therapy.