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Buckle Inc (NYSE:BKE)
Total Current Assets
$374 Mil (As of Jul. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Buckle Inc's total current assets for the quarter that ended in Jul. 2016 was $374 Mil.


Definition

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

Buckle Inc's Total Current Assets for the fiscal year that ended in Jan. 2016 is calculated as

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

* 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.

Buckle Inc's Liquidation Value for the quarter that ended in Jul. 2016 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=206.785-149.241+0.75 * 16.954+0.5 * 144.267
=142

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Buckle Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
Total Current Assets 238262287265257320277342325363

Buckle Inc Semi-Annual Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
Total Current Assets 358400325321337367363357374382
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