Grounds Real Estate Development AG (FRA:AMM) Total Current Assets : €99.25 Mil (As of Jun. 2024)

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What is Grounds Real Estate Development AG Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Grounds Real Estate Development AG's total current assets for the quarter that ended in Jun. 2024 was €99.25 Mil.

Grounds Real Estate Development AG Total Current Assets Historical Data

The historical data trend for Grounds Real Estate Development AG'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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Grounds Real Estate Development AG Total Current Assets Chart

Grounds Real Estate Development AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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21.24

65.79

61.82

95.05

104.37

Grounds Real Estate Development AG Semi-Annual Data
	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														56.62	95.05	101.00	104.37	99.25

Grounds Real Estate Development AG 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.

Grounds Real Estate Development AG'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
	=	3.028	+	5.521	+	88.828	+	6.997
	=	104.37

Grounds Real Estate Development AG's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.292	+	8.009	+	89.945	+	0
	=	99.25

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.

Grounds Real Estate Development AG (FRA:AMM) 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.

Grounds Real Estate Development AG's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.292	-	122.653	+	0.75 * 1.345	+	0.5 * 89.945
=	-75.38

Grounds Real Estate Development AG Total Current Assets Related Terms

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Grounds Real Estate Development AG Business Description

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AMM:Germany

Address

Charlottenstrasse 79-80, Berlin, BB, DEU, 10117

Website

https://www.thegroundsag.com

Grounds Real Estate Development AG carries out housing projects in German metropolitan regions and urban areas. Its business activities cover three core areas such as the company is planning to establish its property portfolio for long-term rental income, which is referred to as the portfolio management business. They also aim to develop the existing properties and sell them as part-ownership, known as the privatization business. Additionally, they plan to construct new housing and sell it to institutional investors, capital investors, and owner-occupiers. This is referred to as the project development business. The group's primary sources of income are the construction work on project developments, privatization income and rental income from existing properties.