NMDC Steel (BOM:543768) Total Current Assets : ₹70,566 Mil (As of Mar. 2024)

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What is NMDC Steel Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. NMDC Steel's total current assets for the quarter that ended in Mar. 2024 was ₹70,566 Mil.

NMDC Steel Total Current Assets Historical Data

The historical data trend for NMDC Steel'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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NMDC Steel Total Current Assets Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Current Assets

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0.12

0.04

925.60

26,987.80

70,565.90

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Current Assets	Get a 7-Day Free Trial				925.60	-	26,987.80	36,091.10	70,565.90

NMDC Steel 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.

NMDC Steel'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
	=	8004.5	+	370.1	+	37034.2	+	25157.1
	=	70,566

NMDC Steel'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
	=	8004.5	+	370.1	+	37034.2	+	25157.1
	=	70,566

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.

NMDC Steel (BOM:543768) 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.

NMDC Steel'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)
=	8004.5	-	138800.6	+	0.75 * 370.1	+	0.5 * 37034.2
=	-112,001

NMDC Steel Total Current Assets Related Terms

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NMDC Steel (BOM:543768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Total Current Assets

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Traded in Other Exchanges

NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

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