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Cyberonics, Inc. (NAS:CYBX)
Change In Working Capital
$-2.8 Mil (As of Jan. 2014)

Cyberonics, Inc.'s change in working capital for the quarter that ended in Jan. 2014 was $-2.8 Mil. It means Cyberonics, Inc.'s working capital declined by $2.8 Mil from Oct. 2013 to Jan. 2014 .

Cyberonics, Inc.'s change in working capital for the fiscal year that ended in Apr. 2013 was $-7.4 Mil. It means Cyberonics, Inc.'s working capital declined by $7.4 Mil from Apr. 2012 to Apr. 2013 .


Definition

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Cyberonics, Inc.'s Working Capital for the quarter that ended in Jan. 2014 is calculated as

Working Capital = Total Current Assets - Total Current Liabilities
= 197.717 - 23.989
= 173.7

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow.


Related Terms

Total Current Assets, Total Current Liabilities


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cyberonics, Inc. Annual Data

Apr04Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13
ChangeInWorkingCapital -8.44.3-15.96.59.7-2.6-0.7-4.40.2-7.4

Cyberonics, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ChangeInWorkingCapital 4.2-0.61.3-6.6-3.50.32.4-1.7-4.2-2.8
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