MGHL (Morgan Group Holding Co) Total Current Assets : $1.85 Mil (As of Sep. 2023)

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What is Morgan Group Holding Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Morgan Group Holding Co's total current assets for the quarter that ended in Sep. 2023 was $1.85 Mil.

Morgan Group Holding Co Total Current Assets Historical Data

The historical data trend for Morgan Group Holding Co'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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Morgan Group Holding Co Total Current Assets Chart

Morgan Group Holding Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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0.14

7.81

5.35

3.62

3.28

Morgan Group Holding Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															3.30	3.28	3.12	2.38	1.85

Morgan Group Holding Co 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.

Morgan Group Holding Co's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.286	+	0.642	+	0	+	0.349
	=	3.28

Morgan Group Holding Co's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.29	+	0.212	+	0	+	0.349
	=	1.85

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.

Morgan Group Holding Co (OTCPK:MGHL) 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.

Morgan Group Holding Co's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.29	-	0.766	+	0.75 * 0	+	0.5 * 0
=	0.52

Morgan Group Holding Co Total Current Assets Related Terms

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Morgan Group Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Morgan Group Holding Co (OTCPK:MGHL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Theodore Fremd Avenue, Rye, NY, USA, 10580

Website

https://www.morgangroupholdingco.com

Morgan Group Holding Co through its wholly own subsidiary operates in institutional research and securities brokerage business. It provides underwriting and institutional research services. The firm derives revenue from institutional research services, underwriting fees and selling concessions.

Executives

Claudia B Carucci	10 percent owner	17 EAGLE ISLAND PLACE, SHELDON SC 29941-3017
Uncle Mills Partners, Llc	10 percent owner	17 EAGLE ISLAND PLACE, SHELDON SC 29941-3017
Bernard Zimmerman	10 percent owner, other: See Remarks	18 HIGH MEADOW RD, WESTON CT 06883
Carucci Walter P /ny	10 percent owner, other: See Remarks	C/O CARR SECURITIES CORP, 14 VANDERVENTER AVENUE, SUITE 210, PORT WASHINGTON NY 11050