COVA Acquisition (COVA Acquisition) Total Current Assets : $0.28 Mil (As of Sep. 2022)

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What is COVA Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. COVA Acquisition's total current assets for the quarter that ended in Sep. 2022 was $0.28 Mil.

COVA Acquisition Total Current Assets Historical Data

The historical data trend for COVA Acquisition'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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COVA Acquisition Total Current Assets Chart

COVA Acquisition Annual Data

Trend

Dec20

Dec21

Total Current Assets

0.80

COVA Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Current Assets	Get a 7-Day Free Trial			1.11	0.80	0.73	0.51	0.28

COVA Acquisition 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.

COVA Acquisition's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.007	+	0	+	0	+	0.789
	=	0.80

COVA Acquisition's Total Current Assets for the quarter that ended in Sep. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.002	+	0	+	0	+	0.281
	=	0.28

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.

COVA Acquisition (NAS:COVA) 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.

COVA Acquisition's Liquidation Value for the quarter that ended in Sep. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.002	-	15.786	+	0.75 * 0	+	0.5 * 0
=	-15.78

COVA Acquisition Total Current Assets Related Terms

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COVA Acquisition (COVA Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » COVA Acquisition Corp (NAS:COVA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Bush Street, Suite 703, San Francisco, CA, USA, 94108

Website

https://covaacquisitioncorp.com

COVA Acquisition Corp is a blank check company.

Executives

Jun Hong Heng	director, 10 percent owner, officer: Chairman, CEO and CFO	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Dhillon Karanveer K.v.	director, officer: President	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Cova Acquisition Sponsor Llc	10 percent owner	C/O COVA ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Pandu Sjahrir	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Alvin Sariaatmadja	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Jack Smith	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108

COVA Acquisition (COVA Acquisition) Headlines

From GuruFocus

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COVA Acquisition Corp. Announces Closing of $300 Million Initial Public Offering

By Business Wire Business Wire • 02-09-2021

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By Business Wire Business Wire • 06-01-2021

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By PRNewswire PRNewswire • 06-25-2022

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By PRNewswire PRNewswire • 05-26-2022