Global InterConnection Group (XAMS:CABLE) Total Current Assets : £1.84 Mil (As of Dec. 2023)

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What is Global InterConnection Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Global InterConnection Group's total current assets for the quarter that ended in Dec. 2023 was £1.84 Mil.

Global InterConnection Group Total Current Assets Historical Data

The historical data trend for Global InterConnection 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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Global InterConnection Group Total Current Assets Chart

Global InterConnection Group Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

129.39

0.09

1.84

Global InterConnection Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Total Current Assets	129.00	0.09	3.30	1.84

Global InterConnection 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.

Global InterConnection 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
	=	0.932	+	0.018	+	0	+	0.888
	=	1.84

Global InterConnection 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
	=	0.932	+	0.018	+	0	+	0.888
	=	1.84

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.

Global InterConnection Group (XAMS:CABLE) 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.

Global InterConnection 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)
=	0.932	-	39.376	+	0.75 * 0	+	0.5 * 0
=	-38.44

Global InterConnection Group Total Current Assets Related Terms

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Global InterConnection Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global InterConnection Group Ltd (XAMS:CABLE) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Floor, 10 Lefebvre Street, Saint Peter Port, GGY, GY1 2PE

Website

https://www.globalinterconnectiongroup.com

Global InterConnection Group Ltd formerly Disruptive Capital Acquisition Co Ltd is a special-purpose acquisition company. The Company intends to focus on undertaking a Business Combination with a target business or entity operating in the financial services sector.

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