Metal Storm (Metal Storm) Total Current Assets : $0.73 Mil (As of Dec. 2011)

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What is Metal Storm Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Metal Storm's total current assets for the quarter that ended in Dec. 2011 was $0.73 Mil.

Metal Storm Total Current Assets Historical Data

The historical data trend for Metal Storm'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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Metal Storm Total Current Assets Chart

Metal Storm Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Total Current Assets

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14.88

5.85

0.34

1.71

0.73

Metal Storm Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
Total Current Assets	Get a 7-Day Free Trial							14.88	5.85	0.34	1.71	0.73

Metal Storm 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.

Metal Storm's Total Current Assets for the fiscal year that ended in Dec. 2011 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.487	+	0.24	+	0	+	0
	=	0.73

Metal Storm's Total Current Assets for the quarter that ended in Dec. 2011 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.487	+	0.24	+	0	+	0
	=	0.73

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.

Metal Storm (OTCPK:MTSXY) 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.

Metal Storm's Liquidation Value for the quarter that ended in Dec. 2011 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.487	-	21.328	+	0.75 * 0	+	0.5 * 0
=	-20.84

Metal Storm Total Current Assets Related Terms

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Metal Storm (Metal Storm) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Metal Storm Ltd (OTCPK:MTSXY) » Definitions » Total Current Assets

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Address

Website

http://www.metalstorm.com

Metal Storm Ltd is incorporated under the laws of Australia on April 13, 1994. The company is a defence technology company engaged in the development of electronically initiated ballistics systems using its stacked round technology. Its technology is an electronically initiated, stacked projectile system which removes the mechanical steps required to fire a conventional weapon. Effectively, the only parts that move in Metal Storm's technology are the projectiles contained within the barrels. Multiple projectiles are stacked in a barrel, each separated by a propellant load. Its products include 3GL - 3 shot grenade launcher, FireStorm, MAUL, Redback, Munitions and Component weapon systems. The company also provides Research and Development as well as Consulting and Integration Services.

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