WANG & LEE Group (WANG & LEE Group) Total Current Assets : $11.30 Mil (As of Dec. 2023)

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What is WANG & LEE Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. WANG & LEE Group's total current assets for the quarter that ended in Dec. 2023 was $11.30 Mil.

WANG & LEE Group Total Current Assets Historical Data

The historical data trend for WANG & LEE Group'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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WANG & LEE Group Total Current Assets Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

1.99

2.27

2.88

11.30

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial			2.27	1.76	2.88	9.34	11.30

WANG & LEE Group 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.

WANG & LEE Group'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
	=	5.21	+	5.899	+	0	+	0.189
	=	11.30

WANG & LEE Group'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
	=	5.21	+	5.899	+	0	+	0.189
	=	11.30

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.

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group'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)
=	5.21	-	5.782	+	0.75 * 4.115	+	0.5 * 0
=	2.51

WANG & LEE Group Total Current Assets Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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