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Ascena Retail Group Inc (NAS:ASNA)
Total Current Assets
$960 Mil (As of Apr. 2014)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Ascena Retail Group Inc's total current assets for the quarter that ended in Apr. 2014 was $960 Mil.


Definition

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

Ascena Retail Group Inc's Total Current Assets for the fiscal year that ended in Jul. 2013 is calculated as

Ascena Retail Group Inc's Total Current Assets for the quarter that ended in Apr. 2014 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.

Ascena Retail Group Inc's Liquidation Value for the quarter that ended in Apr. 2014 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=216.8-1395.8+0.75 * 0+0.5 * 564.7
=-897

* 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.

Ascena Retail Group Inc Annual Data

Jul04Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13
Total Current Assets 3172233454644325677167611,040943

Ascena Retail Group Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
Total Current Assets 8361,0941,0051,1551,1141,0009431,005901960
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