Earthworks Entertainment (Earthworks Entertainment) Total Current Assets : $0.03 Mil (As of Jun. 2006)

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What is Earthworks Entertainment Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Earthworks Entertainment's total current assets for the quarter that ended in Jun. 2006 was $0.03 Mil.

Earthworks Entertainment Total Current Assets Historical Data

The historical data trend for Earthworks Entertainment'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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Earthworks Entertainment Total Current Assets Chart

Earthworks Entertainment Annual Data

Trend

Sep96

Sep97

Sep98

Sep99

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

Total Current Assets

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0.19

0.11

0.10

0.14

0.31

Earthworks Entertainment Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
Total Current Assets	Get a 7-Day Free Trial															1.94	0.31	0.14	0.04	0.03

Earthworks Entertainment 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.

Earthworks Entertainment's Total Current Assets for the fiscal year that ended in Sep. 2005 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.133	+	0	+	0	+	0.178
	=	0.31

Earthworks Entertainment's Total Current Assets for the quarter that ended in Jun. 2006 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0	+	0	+	0.024
	=	0.03

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.

Earthworks Entertainment (OTCPK:EWKS) 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.

Earthworks Entertainment's Liquidation Value for the quarter that ended in Jun. 2006 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	2.562	+	0.75 * 0	+	0.5 * 0
=	-2.56

Earthworks Entertainment Total Current Assets Related Terms

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Earthworks Entertainment (Earthworks Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Earthworks Entertainment Inc (OTCPK:EWKS) » Definitions » Total Current Assets

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Address

14001 North Dallas Parkway, Suite 1200, Dallas, TX, USA, 75420

Website

Earthworks Entertainment Inc is engaged in investments and acquisitions in entertainment segments including, animation, direct response marketing, radio networks and mixed martial arts social networks.

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