Blackrock Hedge Selector (LSE:BHUE) Total Current Assets : £0.42 Mil (As of Jun. 2014)

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What is Blackrock Hedge Selector Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Blackrock Hedge Selector's total current assets for the quarter that ended in Jun. 2014 was £0.42 Mil.

Blackrock Hedge Selector Total Current Assets Historical Data

The historical data trend for Blackrock Hedge Selector'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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Blackrock Hedge Selector Total Current Assets Chart

Blackrock Hedge Selector Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Total Current Assets

0.04

0.17

0.21

0.06

Blackrock Hedge Selector Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Total Current Assets	Get a 7-Day Free Trial			0.15	0.21	0.27	0.06	0.42

Blackrock Hedge Selector 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.

Blackrock Hedge Selector's Total Current Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.056	+	0	+	0	+	0
	=	0.06

Blackrock Hedge Selector's Total Current Assets for the quarter that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.416	+	0	+	0	+	0
	=	0.42

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.

Blackrock Hedge Selector (LSE:BHUE) 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.

Blackrock Hedge Selector's Liquidation Value for the quarter that ended in Jun. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.416	-	0.308	+	0.75 * 0	+	0.5 * 0
=	0.11

Blackrock Hedge Selector Total Current Assets Related Terms

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Blackrock Hedge Selector (LSE:BHUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Blackrock Hedge Selector Ltd (LSE:BHUE) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.blackrock.co.uk

BlackRock Hedge Selector Ltd is a closed-ended investment company incorporated in Jersey on 17 August 2009. This fund was launched on 28 September 2009, initially offering two share classes; the UK Emerging Companies Shares, which invest directly into the BlackRock UK Emerging Companies Hedge Fund and the Cash Fund Shares, which invest directly into the BlackRock Institutional Sterling Liquidity Fund. The investment objective of the Hedge Fund is to seek to maximise total returns by investing in mid and small cap UK equities, whilst limiting correlation with the UK equity market. The investment objective of the Liquidity Fund is to maximise current income consistent with preservation of principal and liquidity by the maintenance of a portfolio of high quality short-term "money market" instruments.

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