KITL (Kisses From Italy) Total Current Assets : $0.01 Mil (As of Jun. 2024)

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What is Kisses From Italy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Kisses From Italy's total current assets for the quarter that ended in Jun. 2024 was $0.01 Mil.

Kisses From Italy Total Current Assets Historical Data

The historical data trend for Kisses From Italy'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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Kisses From Italy Total Current Assets Chart

Kisses From Italy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.03

0.05

0.21

0.40

0.04

Kisses From Italy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Current Assets	Get a 7-Day Free Trial															0.13	0.18	0.04	0.01	0.01

Kisses From Italy 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.

Kisses From Italy'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
	=	0.025	+	0.005	+	0.012	+	0
	=	0.04

Kisses From Italy's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.004	+	0.004	+	-1.7347234759768E-18
	=	0.01

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.

Kisses From Italy (OTCPK:KITL) 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.

Kisses From Italy's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	0.975	+	0.75 * 0.004	+	0.5 * 0.004
=	-0.97

Kisses From Italy Total Current Assets Related Terms

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Kisses From Italy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kisses From Italy Inc (OTCPK:KITL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 SW 8th Street, Suite 2000, Miami, FL, USA, 33130

Website

https://www.kissesfromitaly.com

Kisses From Italy Inc in Florida is engaged in developing a fast-casual food dining chain restaurant business. It offers deli paninis including fresh cheese Panini, prosciutto, salami, calicollo, bresaola, and turkey paninis. The company also offers espresso, cappuccino, and other coffee drinks, soft drinks, bottled water, and juices, as well as various flavors of granite. In addition to its company operated restaurants, it is engaged in franchising restaurant concept so that it can build market share and brand awareness.

Executives

Denis Senecal	director	866 DU RIVAGE, SAINT-ANTOINE-SUR-RICHELIEU A8 JOL 1RO
Turi Michele Di	director, officer: CO-CEO/President	3100 BOUL. DES GOUVERNEURS, LAVAL A8 H7E 5J3
Claudio Ferri	director, officer: CO-CEO/CFO	12280 53RD AVENUE, MONTREAL A8 H1E 0A5
Leonardo Fraccalvieri	director, officer: Chief Operating Officer	VIA DEPRETIS 9, SANNICANDRO DI BARI L6 70028