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Telefonica SA (NYSE:TEF)
Total Current Assets
\$21,520 Mil (As of Jun. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Telefonica SA's total current assets for the quarter that ended in Jun. 2016 was \$21,520 Mil.

Definition

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

Telefonica SA's Total Current Assets for the fiscal year that ended in Dec. 2014 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 11665.8446363 + 11028.3600493 + 1151.66461159 + 4346.48581998 = 28,192

Telefonica SA's Total Current Assets for the quarter that ended in Jun. 2016 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 6170.78651685 + 14059.5505618 + 1261.79775281 + 28.0898876405 = 21,520

* 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.

Telefonica SA's Liquidation Value for the quarter that ended in Jun. 2016 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 6170.78651685 - 120077.52809 + 0.75 * 14059.5505618 + 0.5 * 1261.79775281 = -102,731

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

Related Terms

Historical Data

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

Telefonica SA Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Total Current Assets 23,399 26,897 24,288 34,738 27,849 27,399 33,591 40,144 28,192 34,397

Telefonica SA Quarterly Data

 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Total Current Assets 33,317 36,516 35,500 28,192 36,158 36,914 37,440 34,397 34,561 21,520
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