Norsk Titanium AS (Norsk Titanium AS) Total Current Assets : $8.77 Mil (As of Dec. 2023)

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What is Norsk Titanium AS Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Norsk Titanium AS's total current assets for the quarter that ended in Dec. 2023 was $8.77 Mil.

Norsk Titanium AS Total Current Assets Historical Data

The historical data trend for Norsk Titanium AS'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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Norsk Titanium AS Total Current Assets Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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8.95

8.67

31.02

16.69

8.77

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial					31.02	18.45	16.69	11.42	8.77

Norsk Titanium AS 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.

Norsk Titanium AS'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
	=	0.976	+	0.593	+	5.886	+	1.314
	=	8.77

Norsk Titanium AS'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
	=	0.976	+	0.593	+	5.886	+	1.314
	=	8.77

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.

Norsk Titanium AS (OTCPK:NORSF) 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.

Norsk Titanium AS'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)
=	0.976	-	17.796	+	0.75 * 0.584	+	0.5 * 5.886
=	-13.44

Norsk Titanium AS Total Current Assets Related Terms

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Norsk Titanium AS (Norsk Titanium AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is a producer of aerospace-grade, additively manufactured, structural titanium components for commercial aerospace tier-one suppliers. Its patented RPD technology revolutionizes the industry by pioneering a new era of on-demand metal additive manufacturing that delivers 3D-printed, structural titanium, providing substantial lead-time and cost savings to the aerospace, defence, and industrial markets.

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