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Poseidon Concepts Corp  (TSX:PSN) Total Current Assets: C\$139.8 Mil (As of Sep. 2012)

Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Poseidon Concepts Corp's total current assets for the quarter that ended in Sep. 2012 was C\$139.8 Mil.

Historical Data

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

Poseidon Concepts Corp Annual Data

 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Total Current Assets 9.42 19.95 12.20 12.17 57.56

Poseidon Concepts Corp Quarterly Data

 Dec06 Dec07 Dec08 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Total Current Assets 43.97 57.56 89.67 139.70 139.85

Calculation

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

Poseidon Concepts Corp's Total Current Assets for the fiscal year that ended in Dec. 2011 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Total Current Assets = 0 + 53.595 + 2.856 + 1.105 = 57.6

Poseidon Concepts Corp's Total Current Assets for the quarter that ended in Sep. 2012 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Total Current Assets = 3.461 + 125.516 + 6.507 + 4.362 = 139.8

* 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.

Poseidon Concepts Corp's Liquidation Value for the quarter that ended in Sep. 2012 is

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 3.461 - 94.286 + 0.75 * 125.516 + 0.5 * 6.507 = 6.6

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

Related Terms