Switch to:
Titanium Metals Corporation (NYSE:TIE)
Total Current Assets
\$1,086 Mil (As of Sep. 2012)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Titanium Metals Corporation's total current assets for the quarter that ended in Sep. 2012 was \$1,086 Mil.

Definition

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

Titanium Metals Corporation's Total Current Assets for the fiscal year that ended in Dec. 2011 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 47.3 + 183.9 + 677.5 + 50.8 = 960

Titanium Metals Corporation's Total Current Assets for the quarter that ended in Sep. 2012 is calculated as

 Total Current Assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Other Current Assets = 20.6 + 171.3 + 844.8 + 49.7 = 1,086

* 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.

Titanium Metals Corporation's Liquidation Value for the quarter that ended in Sep. 2012 is

 Liquidation value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 20.6 - 480.7 + 0.75 * 171.3 + 0.5 * 844.8 = 91

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Titanium Metals Corporation Annual Data

 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Total Current Assets 263 276 344 550 758 898 789 807 941 960

Titanium Metals Corporation Semi-Annual Data

 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Total Current Assets 845 901 941 1,016 976 928 960 1,021 1,067 1,086
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)