AS Latvijas Gaze (FRA:UMA) Total Current Assets : €164.4 Mil (As of Mar. 2024)

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What is AS Latvijas Gaze Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. AS Latvijas Gaze's total current assets for the quarter that ended in Mar. 2024 was €164.4 Mil.

AS Latvijas Gaze Total Current Assets Historical Data

The historical data trend for AS Latvijas Gaze'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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AS Latvijas Gaze Total Current Assets Chart

AS Latvijas Gaze Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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141.88

136.35

383.21

372.16

157.41

AS Latvijas Gaze 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															409.21	371.49	186.30	157.41	164.38

AS Latvijas Gaze 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.

AS Latvijas Gaze'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
	=	78.328	+	21.737	+	54.649	+	2.7
	=	157.4

AS Latvijas Gaze'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
	=	99.697	+	17.041	+	39.886	+	7.755
	=	164.4

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.

AS Latvijas Gaze (FRA:UMA) 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.

AS Latvijas Gaze'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)
=	99.697	-	36.989	+	0.75 * 17.041	+	0.5 * 39.886
=	95.4

AS Latvijas Gaze Total Current Assets Related Terms

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AS Latvijas Gaze (FRA:UMA) Business Description

Industry

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GZE1R:Latvia

Address

6 Aristida Bri?na Street, Riga, LVA, LV-1001

Website

https://www.lg.lv

AS Latvijas Gaze is a Latvia-based company, which is engaged in the energy supply sector. The operation of the group is the transmission, storage, distribution and sales of natural gas in Latvia. The operating business segments are the Natural gas sales & trading segment and distribution segment. The Natural gas sales & trading segment comprises the purchase, trade, and sale of natural gas. The Distribution segment provides natural gas distribution services in Latvia. The maximum revenue of the company is derived from the Natural gas sales & trading segment.

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