National Cable & Wire Manufacturing (AMM:WIRE) Total Current Assets : JOD10.60 Mil (As of Sep. 2023)

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What is National Cable & Wire Manufacturing Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. National Cable & Wire Manufacturing's total current assets for the quarter that ended in Sep. 2023 was JOD10.60 Mil.

National Cable & Wire Manufacturing Total Current Assets Historical Data

The historical data trend for National Cable & Wire Manufacturing'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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National Cable & Wire Manufacturing Total Current Assets Chart

National Cable & Wire Manufacturing Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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17.26

13.97

10.93

13.04

10.42

National Cable & Wire Manufacturing Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															11.47	10.42	11.35	11.37	10.60

National Cable & Wire Manufacturing 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.

National Cable & Wire Manufacturing'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
	=	0.159	+	4.046	+	6.122	+	0.097
	=	10.42

National Cable & Wire Manufacturing'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
	=	0.093	+	3.709	+	6.624	+	0.177
	=	10.60

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.

National Cable & Wire Manufacturing (AMM:WIRE) 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.

National Cable & Wire Manufacturing'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)
=	0.093	-	11.108	+	0.75 * 2.652	+	0.5 * 6.624
=	-5.71

National Cable & Wire Manufacturing Total Current Assets Related Terms

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National Cable & Wire Manufacturing (AMM:WIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » National Cable & Wire Manufacturing (AMM:WIRE) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

Golden Jubilee area, P.O. Box 927104, Zarqa, Amman, JOR, 11190

Website

http://www.cableco.com.jo

National Cable & Wire Manufacturing is engaged in producing wires and cables of copper or aluminum conductors insulated/sheathed ordinary or special types or synthetic rubber. It provides various products such as Coaxial cables, Control cables, PVC insulated wires, Power cables, Concentric and service cables, Flexible cables, Telephone cables, and others.