Tree Island Steel (Tree Island Steel) Total Current Assets : $76.9 Mil (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Tree Island Steel Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Tree Island Steel's total current assets for the quarter that ended in Mar. 2024 was $76.9 Mil.

Tree Island Steel Total Current Assets Historical Data

The historical data trend for Tree Island Steel'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.

* Premium members only.

Tree Island Steel Total Current Assets Chart

Tree Island Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

Get a 7-Day Free Trial

63.75

59.40

121.56

80.47

76.42

Tree Island Steel 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															88.74	81.39	79.11	76.42	76.91

Tree Island Steel 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.

Tree Island Steel'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
	=	15.161	+	18.948	+	38.813	+	3.497
	=	76.4

Tree Island Steel'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
	=	14.927	+	23.802	+	34.331	+	3.853
	=	76.9

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.

Tree Island Steel (OTCPK:TWIRF) 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.

Tree Island Steel'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)
=	14.927	-	34.564	+	0.75 * 21.334	+	0.5 * 34.331
=	13.5

Tree Island Steel Total Current Assets Related Terms

Thank you for viewing the detailed overview of Tree Island Steel's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Tree Island Steel (Tree Island Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tree Island Steel Ltd (OTCPK:TWIRF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

TSL:Canada

Address

3933 Boundary Road, Richmond, BC, CAN, V6V 1T8

Website

https://www.treeisland.com

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.

Tree Island Steel (Tree Island Steel) Headlines

From GuruFocus

The Futura Corporation and Arbutus Distributors Ltd. withdraw their non-binding unsolicited proposal for Tree Island's shares

By GlobeNewswire GlobeNewswire • 08-31-2019

Tree Island Announces Meeting Results for Election of Directors

By GlobeNewswire GlobeNewswire • 05-08-2020

Tree Island Announces Meeting Results for Election of Directors

By GlobeNewswire GlobeNewswire • 05-06-2023