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Amgen Inc (NAS:AMGN)
Total Current Assets
\$45,844 Mil (As of Sep. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Amgen Inc's total current assets for the quarter that ended in Sep. 2016 was \$45,844 Mil.

Definition

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

Amgen Inc's Total Current Assets for the fiscal year that ended in Dec. 2015 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 31382 + 2995 + 2435 + 1703 = 38,515

Amgen Inc's Total Current Assets for the quarter that ended in Sep. 2016 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 37980 + 3186 + 2681 + 1997 = 45,844

* 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.

Amgen Inc's Liquidation Value for the quarter that ended in Sep. 2016 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 37980 - 47377 + 0.75 * 3186 + 0.5 * 2681 = -5,667

* 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.

Amgen Inc Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Total Current Assets 11,712 13,041 15,221 18,932 23,129 27,593 31,209 27,367 34,713 38,515

Amgen Inc Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Total Current Assets 34,328 36,048 34,713 35,064 37,736 38,844 38,515 42,206 42,947 45,844
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