Paid (PAYD) Total Current Assets : $5.03 Mil (As of Mar. 2024)

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What is Paid Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Paid's total current assets for the quarter that ended in Mar. 2024 was $5.03 Mil.

Paid Total Current Assets Historical Data

The historical data trend for Paid'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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Paid Total Current Assets Chart

Paid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.73

2.00

3.22

3.71

4.85

Paid 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															3.79	4.03	3.98	4.85	5.03

Paid 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.

Paid'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
	=	2.052	+	2.659	+	0	+	0.135
	=	4.85

Paid'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
	=	1.272	+	3.637	+	0	+	0.118
	=	5.03

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.

Paid (OTCPK:PAYD) 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.

Paid'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)
=	1.272	-	2.6	+	0.75 * 0.291	+	0.5 * 0
=	-1.11

Paid Total Current Assets Related Terms

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Paid (PAYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paid Inc (OTCPK:PAYD) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Cedar Hill Street, Suite 200, Marlborough, MA, USA, 01752

Website

https://www.paid.com

Paid Inc is an all-in-one e-commerce service platform focusing on web development and online auctions. It operates in six segments: Client services, Shipping calculator services, Brewery management software, Merchant processing services, and shipping coordination & label generation services, and corporate operations. The majority of its revenue comes from its shipping coordination & label generation services segment. Some of its products are PaidWeb, PaidCart, PaidPayments, and PaidShipping. Its geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.

Executives

David Daniel Scott	officer: Chief Operating Officer	798 UPPER KENILWORTH AVE, HAMILTON A6 L8T5A4
Christopher J Coghlin	10 percent owner	27 OTIS STREET, WESTBOROUGH MA 01581
Pratt Allan	director	79 LAURENDALE AVENUE, WATERDOWN A6 L0R 2H3
Laurie Diane Bradley	director	8128 TIMBER TRAIL, WHITE LAKE MI 48386
David Ogden	director	6517 AUTUMN WOODS BLVD., NAPLES FL 34109
Terry Fokas	director	6630 NORTHPORT DRIVE, DALLAS TX 75230
James P O'neil	director	C/O PAID, INC., 40 WASHINGTON STREET, SUITE 3000, WESTBOROUGH MA 01581
Lewis William Austin Iv	director, officer: President and CEO	201 E 87TH STREET, APT 5H, NEW YORK NY 10128
Andrew Pilaro	director	C/O SALES ONLINE DIRECT INC, 4 BRUSSELS ST, WORCESTER MA 01610
Christopher Culross	officer: CFO, Treas., Asst. Secretary	4 BRUSSELS STREET, WORCESTER MA 01610
Gregory Rotman	director, officer: President and CEO	C/O PAID INC, 4 BRUSSELS STREET, WORCESTER MA 01610
Augustine Fund Lp	10 percent owner	141 WEST JACKSON BLVD. STE. 2182, CHICAGO IL 60606
Thomas F Duszynski	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604
John T Porter	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604
Brian D Porter	10 percent owner	141 W. JACKSON, SUITE 2182, CHICAGO IL 60604

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