First Tidal Acquisition (TSXV:AAA.P) Total Current Assets : C$0.30 Mil (As of Aug. 2024)

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What is First Tidal Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. First Tidal Acquisition's total current assets for the quarter that ended in Aug. 2024 was C$0.30 Mil.

First Tidal Acquisition Total Current Assets Historical Data

The historical data trend for First Tidal Acquisition'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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First Tidal Acquisition Total Current Assets Chart

First Tidal Acquisition Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

Total Current Assets

0.20

0.45

0.38

0.33

First Tidal Acquisition Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Current Assets	Get a 7-Day Free Trial									0.35	0.34	0.33	0.32	0.30

First Tidal Acquisition 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.

First Tidal Acquisition's Total Current Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.325	+	0	+	0	+	0
	=	0.33

First Tidal Acquisition's Total Current Assets for the quarter that ended in Aug. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.3	+	0	+	0	+	0
	=	0.30

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.

First Tidal Acquisition (TSXV:AAA.P) 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.

First Tidal Acquisition's Liquidation Value for the quarter that ended in Aug. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.3	-	0.003	+	0.75 * 0	+	0.5 * 0
=	0.30

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First Tidal Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Tidal Acquisition Corp (TSXV:AAA.P) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1

Website

First Tidal Acquisition Corp is a capital pool company. The Company's principal business is the identification and evaluation of Qualifying Transactions.

First Tidal Acquisition Headlines

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