McHenry Metals Golf (McHenry Metals Golf) Total Current Assets : $0.01 Mil (As of Sep. 2001)

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What is McHenry Metals Golf Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. McHenry Metals Golf's total current assets for the quarter that ended in Sep. 2001 was $0.01 Mil.

McHenry Metals Golf Total Current Assets Historical Data

The historical data trend for McHenry Metals Golf'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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McHenry Metals Golf Total Current Assets Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

Total Current Assets

0.73

0.30

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
Total Current Assets	Get a 7-Day Free Trial			0.59	0.30	0.12	0.07	0.01

McHenry Metals Golf 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.

McHenry Metals Golf's Total Current Assets for the fiscal year that ended in Dec. 2000 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.007	+	0.038	+	0.123	+	0.136
	=	0.30

McHenry Metals Golf's Total Current Assets for the quarter that ended in Sep. 2001 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0	+	0.007
	=	0.01

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.

McHenry Metals Golf (OTCPK:GLFN) 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.

McHenry Metals Golf's Liquidation Value for the quarter that ended in Sep. 2001 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	2.189	+	0.75 * 0	+	0.5 * 0
=	-2.19

McHenry Metals Golf Total Current Assets Related Terms

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McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

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