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Walgreen Co (NYSE:WAG)
Total Current Assets
\$12,242 Mil (As of Aug. 2014)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Walgreen Co's total current assets for the quarter that ended in Aug. 2014 was \$12,242 Mil.

Definition

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

Walgreen Co's Total Current Assets for the fiscal year that ended in Aug. 2014 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 2646 + 3218 + 6076 + 302 = 12,242

Walgreen Co's Total Current Assets for the quarter that ended in Aug. 2014 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 2646 + 3218 + 6076 + 302 = 12,242

* 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.

Walgreen Co's Liquidation Value for the quarter that ended in Aug. 2014 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 2646 - 16725 + 0.75 * 3218 + 0.5 * 6076 = -8,628

* 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.

Walgreen Co Annual Data

 Aug05 Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Total Current Assets 8,317 9,705 9,511 10,433 12,049 11,922 12,322 10,760 11,874 12,242

Walgreen Co Quarterly Data

 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Total Current Assets 11,570 10,760 12,162 12,432 12,571 11,874 11,722 12,036 11,928 12,242
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