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Gyrodyne LLC  (NAS:GYRO) Total Current Assets: \$14.08 Mil (As of Jun. 2015)

Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Gyrodyne LLC's total current assets for the quarter that ended in Jun. 2015 was \$14.08 Mil.

Historical Data

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

Gyrodyne LLC Annual Data

 Apr05 Apr06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Total Current Assets 3.64 11.60 99.71 17.63 11.24

Gyrodyne LLC Quarterly Data

 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Total Current Assets 11.74 10.88 11.24 10.78 14.08

Calculation

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

Gyrodyne LLC's Total Current Assets for the fiscal year that ended in Dec. 2014 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Total Current Assets = 9.978 + 0.096 + 0 + 1.167 = 11.24

Gyrodyne LLC's Total Current Assets for the quarter that ended in Jun. 2015 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Total Current Assets = 13.461 + 0.075 + 0 + 0.542 = 14.08

* 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.

Gyrodyne LLC's Liquidation Value for the quarter that ended in Jun. 2015 is

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 13.461 - 35.677 + 0.75 * 0.075 + 0.5 * 0 = -22.16

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

Related Terms