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Esterline Technologies Corp (NYSE:ESL)
Total Current Assets
$1,176 Mil (As of Sep. 2016)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Esterline Technologies Corp's total current assets for the quarter that ended in Sep. 2016 was $1,176 Mil.


Definition

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

Esterline Technologies Corp's Total Current Assets for the fiscal year that ended in Sep. 2016 is calculated as

Esterline Technologies Corp's Total Current Assets for the quarter that ended in Sep. 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.

Esterline Technologies Corp'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)
=258.52-1431.474+0.75 * 422.073+0.5 * 450.206
=-631

* 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.

Esterline Technologies Corp Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Sep14Sep15Sep16
Total Current Assets 7297777971,0771,0391,0361,09201,1291,176

Esterline Technologies Corp Quarterly Data

Sep14Oct14Jan15Apr15Jul15Sep15Dec15Mar16Jun16Sep16
Total Current Assets 01,1701,2041,1671,1391,1291,0991,1141,1491,176
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