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Brocade Communications Systems Inc (NAS:BRCD)
Total Current Assets
$1,658 Mil (As of Oct. 2014)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Brocade Communications Systems Inc's total current assets for the quarter that ended in Oct. 2014 was $1,658 Mil.


Definition

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

Brocade Communications Systems Inc's Total Current Assets for the fiscal year that ended in Oct. 2014 is calculated as

Brocade Communications Systems Inc's Total Current Assets for the quarter that ended in Oct. 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.

Brocade Communications Systems Inc's Liquidation Value for the quarter that ended in Oct. 2014 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=1255.017-1325.614+0.75 * 224.913+0.5 * 38.718
=117

* 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.

Brocade Communications Systems Inc Annual Data

Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14
Total Current Assets 7706939129428858748441,1561,4231,658

Brocade Communications Systems Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Total Current Assets 9911,1561,3911,1641,2251,4231,4161,5361,5421,658
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