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Honda Motor Co Ltd (NYSE:HMC)
Total Current Assets
$55,041 Mil (As of Dec. 2013)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Honda Motor Co Ltd's total current assets for the quarter that ended in Dec. 2013 was $55,041 Mil.


Definition

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

Honda Motor Co Ltd's Total Current Assets for the fiscal year that ended in Mar. 2013 is calculated as

Total Current Assets=Cash and Cash Equivalents+Accounts Receivable+Inventory+Other Current Assets
=12337.8956198+23005.6159087+12432.9568936+6674.86036948
=54,451

Honda Motor Co Ltd's Total Current Assets for the quarter that ended in Dec. 2013 is calculated as

Total Current Assets=Cash and Cash Equivalents+Accounts Receivable+Inventory+Other Current Assets
=11705.6890354+24212.189551+12703.944642+6419.17483448
=55,041

* 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.

Honda Motor Co Ltd's Liquidation Value for the quarter that ended in Dec. 2013 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=11705.6890354-94138.7033664+0.75 * 24212.189551+0.5 * 12703.944642
=-57,922

* 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.

Honda Motor Co Ltd Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
Total Current Assets 33,90337,41639,08043,66350,80446,71649,36956,38658,32654,451

Honda Motor Co Ltd Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Total Current Assets 56,41554,69358,32657,63155,67554,59754,45153,15454,45655,041
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