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Total Current Assets
\$5,419 Mil (As of Aug. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Adobe Systems Inc's total current assets for the quarter that ended in Aug. 2016 was \$5,419 Mil.

Definition

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Adobe Systems Inc's Total Current Assets for the fiscal year that ended in Nov. 2015 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 3988.084 + 672.006 + 0 + 161.802 = 4,822

Adobe Systems Inc's Total Current Assets for the quarter that ended in Aug. 2016 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 4446.398 + 731.166 + 0 + 241.146 = 5,419

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

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.

Adobe Systems Inc's Liquidation Value for the quarter that ended in Aug. 2016 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 4446.398 - 5089.495 + 0.75 * 731.166 + 0.5 * 0 = -95

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Adobe Systems Inc Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Total Current Assets 2,573 2,735 2,474 3,216 3,771 4,397 4,046 4,602 4,822 5,840

Adobe Systems Inc Quarterly Data

 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Total Current Assets 4,279 4,602 3,972 4,178 4,526 4,822 4,935 5,239 5,419 5,840
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