Funding Circle Holdings (LSE:FCH) Total Current Assets : £310.4 Mil (As of Dec. 2023)

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What is Funding Circle Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Funding Circle Holdings's total current assets for the quarter that ended in Dec. 2023 was £310.4 Mil.

Funding Circle Holdings Total Current Assets Historical Data

The historical data trend for Funding Circle Holdings'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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Funding Circle Holdings Total Current Assets Chart

Funding Circle Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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906.70

671.90

401.90

279.30

310.40

Funding Circle Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial										401.90	317.30	279.30	282.30	310.40

Funding Circle Holdings 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.

Funding Circle Holdings'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
	=	221.4	+	81.6	+	0	+	7.4
	=	310.4

Funding Circle Holdings's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	221.4	+	81.6	+	0	+	7.4
	=	310.4

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.

Funding Circle Holdings (LSE:FCH) 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.

Funding Circle Holdings's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	221.4	-	126.4	+	0.75 * 0.4	+	0.5 * 0
=	95.3

Funding Circle Holdings Total Current Assets Related Terms

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Funding Circle Holdings (LSE:FCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Funding Circle Holdings PLC (LSE:FCH) » Definitions » Total Current Assets

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Traded in Other Exchanges

FDCHF:USA FCHl:UK

Address

71 Queen Victoria Street, London, GBR, EC4V 4AY

Website

https://www.corporate.fundingcircle.com

Funding Circle Holdings PLC provides an online lending platform through which borrower loans are originated and allocated to investors and comprising the different online lending platforms across the company's geographies. The company's geographical segments include the United Kingdom, the United States, and developing markets. It derives the majority of its revenue from the United Kingdom region.