Fortitude Group (Fortitude Group) Total Current Assets : $0.00 Mil (As of Sep. 2010)

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What is Fortitude Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Fortitude Group's total current assets for the quarter that ended in Sep. 2010 was $0.00 Mil.

Fortitude Group Total Current Assets Historical Data

The historical data trend for Fortitude Group's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortitude Group Total Current Assets Chart

Fortitude Group Annual Data

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Total Current Assets

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0.01

Fortitude Group Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Total Current Assets	Get a 7-Day Free Trial															-	-	-	0.01	-

Fortitude Group Total Current Assets Calculation

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

Fortitude Group's Total Current Assets for the fiscal year that ended in Dec. 2009 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.003	+	0	+	0	+	0
	=	0.00

Fortitude Group's Total Current Assets for the quarter that ended in Sep. 2010 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0	+	0
	=	0.00

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.

Fortitude Group (OTCPK:FRTD) Total Current Assets 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.

Fortitude Group's Liquidation Value for the quarter that ended in Sep. 2010 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	0.827	+	0.75 * 0	+	0.5 * 0
=	-0.83

Fortitude Group Total Current Assets Related Terms

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Fortitude Group (Fortitude Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fortitude Group Inc (OTCPK:FRTD) » Definitions » Total Current Assets

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Address

1001 State Street, Erie, PA, USA, 16501

Website

http://www.fortitudegroupinc.com

Fortitude Group Inc is a diversified investment company. It invests in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

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