US Residential Fund (ASX:USR) Total Current Assets : A$11.94 Mil (As of Dec. 2018)

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What is US Residential Fund Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. US Residential Fund's total current assets for the quarter that ended in Dec. 2018 was A$11.94 Mil.

US Residential Fund Total Current Assets Historical Data

The historical data trend for US Residential Fund'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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US Residential Fund Total Current Assets Chart

US Residential Fund Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Total Current Assets

1.56

18.40

2.94

11.94

US Residential Fund Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
Total Current Assets	Get a 7-Day Free Trial			18.40	15.69	2.94	14.27	11.94

US Residential Fund 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.

US Residential Fund's Total Current Assets for the fiscal year that ended in Dec. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	11.016	+	0.079	+	0	+	0.847
	=	11.94

US Residential Fund's Total Current Assets for the quarter that ended in Dec. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	11.016	+	0.079	+	0	+	0.847
	=	11.94

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.

US Residential Fund (ASX:USR) 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.

US Residential Fund's Liquidation Value for the quarter that ended in Dec. 2018 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11.016	-	1.052	+	0.75 * 0.007	+	0.5 * 0
=	9.97

US Residential Fund Total Current Assets Related Terms

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US Residential Fund (ASX:USR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » US Residential Fund (ASX:USR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Sussex Street, Level 20, Tower 2, Darling Park, Sydney, NSW, AUS, 2000

Website

http://www.usresi.com

US Residential Fund is a real estate investment trust. The group operates in the United States residential property market. The investment objectives of the fund are expanding and diversifying in the US residential market through direct and indirect property investments, utilizing both debt and equity instruments to facilitate the transactions.

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