Mag Mile Capital (Mag Mile Capital) Total Current Assets : $0.42 Mil (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Mag Mile Capital Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Mag Mile Capital's total current assets for the quarter that ended in Mar. 2024 was $0.42 Mil.

Mag Mile Capital Total Current Assets Historical Data

The historical data trend for Mag Mile Capital'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.

* Premium members only.

Mag Mile Capital Total Current Assets Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Total Current Assets

0.45

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial						-	0.93	1.03	0.45	0.42

Mag Mile Capital 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.

Mag Mile Capital'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
	=	0.056	+	0	+	0	+	0.394
	=	0.45

Mag Mile Capital'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
	=	0.009	+	0	+	0	+	0.409
	=	0.42

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.

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital'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)
=	0.009	-	0.681	+	0.75 * 0	+	0.5 * 0
=	-0.67

Mag Mile Capital Total Current Assets Related Terms

Thank you for viewing the detailed overview of Mag Mile Capital's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

From GuruFocus

Mag Mile Capital Secures $20 Million Cash Out Financing for Institutionally Owned Light Industrial R&D/Flex Property in San Jose, California

By sperokesalga sperokesalga • 04-20-2023