European Convergence Development Co (LSE:ECDC) Total Current Assets : €2.73 Mil (As of Jun. 2014)

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What is European Convergence Development Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. European Convergence Development Co's total current assets for the quarter that ended in Jun. 2014 was €2.73 Mil.

European Convergence Development Co Total Current Assets Historical Data

The historical data trend for European Convergence Development Co'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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European Convergence Development Co Total Current Assets Chart

European Convergence Development Co Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Current Assets

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13.99

7.40

5.84

4.07

3.21

European Convergence Development Co Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Dec12	Jun13	Dec13	Jun14
Total Current Assets	Get a 7-Day Free Trial				5.84	4.07	3.70	3.21	2.73

European Convergence Development Co 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.

European Convergence Development Co'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
	=	3.065	+	0.05	+	0	+	0.09
	=	3.21

European Convergence Development Co'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
	=	2.586	+	0.055	+	0	+	0.092
	=	2.73

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.

European Convergence Development Co (LSE:ECDC) 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.

European Convergence Development Co'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)
=	2.586	-	0.251	+	0.75 * 0.055	+	0.5 * 0
=	2.38

European Convergence Development Co Total Current Assets Related Terms

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European Convergence Development Co (LSE:ECDC) Business Description

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Address

Website

http://www.europeanconvergencedevelopment.com

European Convergence Development Company PLC was incorporated in the Isle of Man on 26 July 2006. The Company through its subsidiaries, invests in early stage development projects such as residential, retail, commercial and industrial properties. The Company invests in Romania, Turkey, Croatia, Bulgaria and Slovakia.

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