Solitaire Machine Tools (BOM:522152) Total Current Assets : ₹134.9 Mil (As of Mar. 2024)

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What is Solitaire Machine Tools Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Solitaire Machine Tools's total current assets for the quarter that ended in Mar. 2024 was ₹134.9 Mil.

Solitaire Machine Tools Total Current Assets Historical Data

The historical data trend for Solitaire Machine Tools'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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Solitaire Machine Tools Total Current Assets Chart

Solitaire Machine Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Current Assets

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137.51

133.99

104.53

110.85

134.88

Solitaire Machine Tools Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															110.85	-	106.14	-	134.88

Solitaire Machine Tools 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.

Solitaire Machine Tools's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	18.172	+	60.141	+	54.779	+	1.784
	=	134.9

Solitaire Machine Tools's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	18.172	+	60.141	+	54.779	+	1.784
	=	134.9

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.

Solitaire Machine Tools (BOM:522152) 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.

Solitaire Machine Tools's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	18.172	-	96.626	+	0.75 * 60.015	+	0.5 * 54.779
=	-6.1

Solitaire Machine Tools Total Current Assets Related Terms

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Solitaire Machine Tools (BOM:522152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solitaire Machine Tools Ltd (BOM:522152) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016

Website

https://www.smtgrinders.com

Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

Solitaire Machine Tools (BOM:522152) Headlines

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