Ferronordic AB (OSTO:FNM) Total Current Assets : kr2,589 Mil (As of Mar. 2024)

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What is Ferronordic AB Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ferronordic AB's total current assets for the quarter that ended in Mar. 2024 was kr2,589 Mil.

Ferronordic AB Total Current Assets Historical Data

The historical data trend for Ferronordic AB'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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Ferronordic AB Total Current Assets Chart

Ferronordic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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2,214.30

2,048.00

2,781.00

2,493.00

2,506.00

Ferronordic AB 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															2,480.00	2,117.00	1,966.00	2,506.00	2,589.00

Ferronordic AB 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.

Ferronordic AB'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
	=	426	+	619	+	1443	+	18
	=	2,506

Ferronordic AB'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
	=	217	+	678	+	1687	+	7
	=	2,589

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.

Ferronordic AB (OSTO:FNM) 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.

Ferronordic AB'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)
=	217	-	3378	+	0.75 * 678	+	0.5 * 1687
=	-1,809

Ferronordic AB Total Current Assets Related Terms

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Ferronordic AB (OSTO:FNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ferronordic AB (OSTO:FNM) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

AA4:Germany

Address

Nybrogatan 6, Stockholm, SWE, SE114 34

Website

https://www.ferronordic.com

Ferronordic AB is engaged in sales, rents, and services of construction equipment and other machinery. The company is authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac and Rottne and also appointed as aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo Penta. The Group has two reporting segments: Germany and CIS (the Commonwealth of Independent States). The Germany segment comprises comprises of sales of new and used trucks, aftermarket sales, rental, and other services in Germany. CIS comprises of sales of new and used construction and other equipment, aftermarket sales, rental, contracting services and other services in CIS and currently only in Kazakhstan.

Ferronordic AB (OSTO:FNM) Headlines

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