VXIT (VirExit Technologies) Total Current Assets: $0.05 Mil (As of May. 2019)


What is VirExit Technologies Total Current Assets?

VirExit Technologies VXIT Total Current Assets is $0.05 Mil as of May. 2019.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. VirExit Technologies's total current assets for the quarter that ended in May. 2019 was $0.05 Mil.

VirExit Technologies  (OTCPK:VXIT) 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.

VirExit Technologies's Liquidation Value for the quarter that ended in May. 2019 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.041-3.08+0.75 * 0+0.5 * 0
=-3.04

* 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.

VirExit Technologies Total Current Assets Related Terms

VirExit Technologies Total Current Assets Historical Data

* Premium members only.

The historical data trend for VirExit Technologies'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.

VirExit Technologies Total Current Assets Chart

VirExit Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18
Total Current Assets
0.16 0.08 0.15 0.02 0.01

VirExit Technologies Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.10 0.03 0.05

VirExit Technologies 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.

VirExit Technologies's Total Current Assets for the fiscal year that ended in Aug. 2018 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.002+0+0+0.012
=0.01

VirExit Technologies's Total Current Assets for the quarter that ended in May. 2019 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.041+0+0+0.008
=0.05

* 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.

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.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of $0.05 Mil mean?
VirExit Technologies (VXIT) has a Total Current Assets of $0.05 Mil as of May. 2019. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for VirExit Technologies and its competitors.
Is VirExit Technologies' Total Current Assets too high?
VirExit Technologies' current Total Current Assets is $0.05 Mil.
How does VirExit Technologies' Total Current Assets compare to RIHT and GEQU?
VirExit Technologies' Total Current Assets of $0.05 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for an Utilities - Independent Power Producers company?
A good Total Current Assets depends on the Utilities - Independent Power Producers industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for VirExit Technologies and its competitors. VirExit Technologies's current Total Current Assets is $0.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirExit Technologies stock overvalued right now?
VirExit Technologies (VXIT) has a current Total Current Assets of $0.05 Mil. The current Total Current Assets is $0.05 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For VirExit Technologies (VXIT), the current Total Current Assets is $0.05 Mil as of May. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VirExit Technologies Business Description

Address 1280 Lexington Avenue, FRNT 2 No.1292, New York, NY, USA, 10028
VirExit Technologies Inc is established as a renewable energy company, incubating solar technologies to establish electrification, education, connectivity, and media distribution infrastructures in rural communities across the globe to empower the individual, community, and local economy.