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PolarityTE Inc  (NAS:COOL) Total Current Assets: \$3.50 Mil (As of Jul. 2017)

Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. PolarityTE Inc's total current assets for the quarter that ended in Jul. 2017 was \$3.50 Mil.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

PolarityTE Inc Annual Data

 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Total Current Assets 47.71 33.26 11.26 17.62 6.73

PolarityTE Inc Quarterly Data

 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Total Current Assets 7.08 6.73 7.30 5.17 3.50

Calculation

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

PolarityTE Inc's Total Current Assets for the fiscal year that ended in Oct. 2016 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Total Current Assets = 6.523 + 0.113 + 0 + 0.097 = 6.73

PolarityTE Inc's Total Current Assets for the quarter that ended in Jul. 2017 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Total Current Assets = 3.027 + 0.06 + 0 + 0.411 = 3.50

* 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.

PolarityTE Inc's Liquidation Value for the quarter that ended in Jul. 2017 is

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 3.027 - 1.439 + 0.75 * 0.06 + 0.5 * 0 = 1.63

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms