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Abercrombie & Fitch Co (NYSE:ANF)
Total Current Assets
$1,002 Mil (As of Apr. 2017)

Total current assets includes Cash and Cash Equivalents, Accounts Receivable, Inventory, and Other Current Assets. Abercrombie & Fitch Co's total current assets for the quarter that ended in Apr. 2017 was $1,002 Mil.


Definition

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

Abercrombie & Fitch Co's Total Current Assets for the fiscal year that ended in Jan. 2017 is calculated as

Abercrombie & Fitch Co's Total Current Assets for the quarter that ended in Apr. 2017 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.

Abercrombie & Fitch Co's Liquidation Value for the quarter that ended in Apr. 2017 is

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=421.441-985.993+0.75 * 90.346+0.5 * 398.75
=-297

* 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.

Abercrombie & Fitch Co Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
Total Current Assets 1,1401,0721,2361,4271,5581,3081,3211,1651,1791,139

Abercrombie & Fitch Co Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
Total Current Assets 1,1651,0471,1031,2131,1791,0951,0971,1501,1391,002
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