Castor Maritime (Castor Maritime) Total Current Assets : $300.51 Mil (As of Mar. 2024)

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What is Castor Maritime Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Castor Maritime's total current assets for the quarter that ended in Mar. 2024 was $300.51 Mil.

Castor Maritime Total Current Assets Historical Data

The historical data trend for Castor Maritime'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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Castor Maritime Total Current Assets Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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6.22

13.56

55.00

166.47

242.28

Castor Maritime 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															117.83	131.33	171.25	242.28	300.51

Castor Maritime 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.

Castor Maritime'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
	=	188.473	+	8.565	+	0.978	+	44.261
	=	242.28

Castor Maritime'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
	=	247.838	+	6.959	+	0.998	+	44.711
	=	300.51

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.

Castor Maritime (NAS:CTRM) 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.

Castor Maritime'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)
=	247.838	-	87.105	+	0.75 * 1.749	+	0.5 * 0.998
=	162.54

Castor Maritime Total Current Assets Related Terms

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Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.