Nabati Foods Global (XCNQ:MEAL) Total Current Assets : C$0.08 Mil (As of Sep. 2023)

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What is Nabati Foods Global Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nabati Foods Global's total current assets for the quarter that ended in Sep. 2023 was C$0.08 Mil.

Nabati Foods Global Total Current Assets Historical Data

The historical data trend for Nabati Foods Global'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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Nabati Foods Global Total Current Assets Chart

Nabati Foods Global Annual Data

Trend

Dec20

Dec21

Dec22

Total Current Assets

0.29

0.70

0.12

Nabati Foods Global Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial								0.58	0.12	0.08	0.08	0.08

Nabati Foods Global 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.

Nabati Foods Global's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.006	+	0.113	+	0	+	-1.3877787807814E-17
	=	0.12

Nabati Foods Global's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.082	+	0	+	0.001
	=	0.08

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.

Nabati Foods Global (XCNQ:MEAL) 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.

Nabati Foods Global's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	5.486	+	0.75 * 0.006	+	0.5 * 0
=	-5.48

Nabati Foods Global Total Current Assets Related Terms

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Nabati Foods Global (XCNQ:MEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nabati Foods Global Inc (XCNQ:MEAL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

7UW:Germany

Address

1570 - 505 Burrard Street, Vancouver, BC, CAN, V7X 1M5

Website

https://www.nabati.ca

Nabati Foods Global Inc is an plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives.

Nabati Foods Global (XCNQ:MEAL) Headlines

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