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Zoltek Companies, Inc. (NAS:ZOLT)
Total Current Assets
\$146.9 Mil (As of Dec. 2013)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Zoltek Companies, Inc.'s total current assets for the quarter that ended in Dec. 2013 was \$146.9 Mil.

Definition

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

Zoltek Companies, Inc.'s Total Current Assets for the fiscal year that ended in Sep. 2013 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 32.291 + 31.722 + 71.945 + 6.863 = 142.8

Zoltek Companies, Inc.'s Total Current Assets for the quarter that ended in Dec. 2013 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 42.401 + 26.164 + 71.005 + 7.359 = 146.9

* 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.

Zoltek Companies, Inc.'s Liquidation Value for the quarter that ended in Dec. 2013 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 42.401 - 46.104 + 0.75 * 26.164 + 0.5 * 71.005 = 51.4

* 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.

Zoltek Companies, Inc. Annual Data

 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Total Current Assets 38.9 39.3 63.1 211.9 150.5 109.6 90.3 107.2 142.6 142.8

Zoltek Companies, Inc. Quarterly Data

 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Total Current Assets 107.2 105.6 118.4 138.5 142.6 143.4 138.1 137.4 142.8 146.9
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