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FactSet Research Systems Inc (NYSE:FDS)
Total Current Assets
$383 Mil (As of May. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. FactSet Research Systems Inc's total current assets for the quarter that ended in May. 2016 was $383 Mil.


Definition

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

FactSet Research Systems Inc's Total Current Assets for the fiscal year that ended in Aug. 2015 is calculated as

FactSet Research Systems Inc's Total Current Assets for the quarter that ended in May. 2016 is calculated as

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

FactSet Research Systems Inc's Liquidation Value for the quarter that ended in May. 2016 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=211.156-495.318+0.75 * 104.666+0.5 * 0
=-206

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


Related Terms

Cash and Cash Equivalents, Accounts Receivable, Inventory, Other Current Assets


Historical Data

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

FactSet Research Systems Inc Annual Data

Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15
Total Current Assets 207252235299265273299318250304

FactSet Research Systems Inc Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
Total Current Assets 232240250246282304304321327383
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