XNGIF (Xingda International Holdings) Total Current Assets : $1,623 Mil (As of Dec. 2023)

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What is Xingda International Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Xingda International Holdings's total current assets for the quarter that ended in Dec. 2023 was $1,623 Mil.

Xingda International Holdings Total Current Assets Historical Data

The historical data trend for Xingda International 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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Xingda International Holdings Total Current Assets Chart

Xingda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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963.88

1,213.09

1,934.51

1,670.18

1,622.90

Xingda International Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial															1,889.23	1,670.18	1,746.69	1,622.90	-

Xingda International 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.

Xingda International Holdings'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
	=	341.102	+	1056.743	+	126.557	+	98.498
	=	1,623

Xingda International Holdings'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
	=	341.102	+	1056.743	+	126.557	+	98.498
	=	1,623

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.

Xingda International Holdings (OTCPK:XNGIF) 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.

Xingda International Holdings'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)
=	341.102	-	1739.583	+	0.75 * 579.063	+	0.5 * 126.557
=	-901

Xingda International Holdings Total Current Assets Related Terms

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Xingda International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xingda International Holdings Ltd (OTCPK:XNGIF) » Definitions » Total Current Assets

Traded in Other Exchanges

01899:Hong Kong

Address

Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062

Website

http://www.xingda.com.cn

Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.

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