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GuruFocus has detected 4 Warning Signs with Express, Inc. \$EXPR.
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Express, Inc. (NYSE:EXPR)
Total Current Assets
\$514 Mil (As of Jan. 2017)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Express, Inc.'s total current assets for the quarter that ended in Jan. 2017 was \$514 Mil.

Definition

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

Express, Inc.'s Total Current Assets for the fiscal year that ended in Jan. 2017 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 207.373 + 15.787 + 241.424 + 49.549 = 514

Express, Inc.'s Total Current Assets for the quarter that ended in Jan. 2017 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 207.373 + 15.787 + 241.424 + 49.549 = 514

* 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.

Express, Inc.'s Liquidation Value for the quarter that ended in Jan. 2017 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 207.373 - 549.502 + 0.75 * 15.787 + 0.5 * 241.424 = -210

* 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.

Express, Inc. Annual Data

 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Total Current Assets 519 381 437 427 416 516 583 654 513 514

Express, Inc. Quarterly Data

 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Total Current Assets 640 654 457 507 541 513 459 450 513 514
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