Vertical Peak Holdings (XCNQ:MJMJ) Total Current Assets : C$4.75 Mil (As of Apr. 2023)

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What is Vertical Peak Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Vertical Peak Holdings's total current assets for the quarter that ended in Apr. 2023 was C$4.75 Mil.

Vertical Peak Holdings Total Current Assets Historical Data

The historical data trend for Vertical Peak Holdings'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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Vertical Peak Holdings Total Current Assets Chart

Vertical Peak Holdings Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Total Current Assets

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7.39

9.91

3.10

1.71

4.65

Vertical Peak Holdings Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Total Current Assets	Get a 7-Day Free Trial															4.36	4.65	4.19	4.15	4.75

Vertical Peak Holdings 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.

Vertical Peak Holdings's Total Current Assets for the fiscal year that ended in Jul. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.757	+	0.132	+	2.545	+	1.214
	=	4.65

Vertical Peak Holdings's Total Current Assets for the quarter that ended in Apr. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.296	+	1.316	+	3.044	+	0.095
	=	4.75

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.

Vertical Peak Holdings (XCNQ:MJMJ) 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.

Vertical Peak Holdings's Liquidation Value for the quarter that ended in Apr. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.296	-	22.72	+	0.75 * 0.183	+	0.5 * 3.044
=	-20.76

Vertical Peak Holdings Total Current Assets Related Terms

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Vertical Peak Holdings (XCNQ:MJMJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vertical Peak Holdings Inc (XCNQ:MJMJ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street West, Suite 2905, P.O. Box 121, Toronto, ON, CAN, M5K 1H1

Website

https://www.high-fusion.com

Vertical Peak Holdings Inc is focused on developing and manufacturing branded products in the cannabis industry with a specific focus on flower, pre-rolls, vapes, edibles and oil extracts for medical and adult recreational use. Vertical Peak operates and controls licenses in California, which include manufacturing, retail and cultivation operations in California. Vertical Peak's main portfolio includes the OutCo and Thrive brands that it acquired in 2021 pursuant to the acquisition of the business of OutCo.

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