Micro Imaging Technology (Micro Imaging Technology) Total Current Assets : $0.07 Mil (As of Jul. 2014)

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What is Micro Imaging Technology Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Micro Imaging Technology's total current assets for the quarter that ended in Jul. 2014 was $0.07 Mil.

Micro Imaging Technology Total Current Assets Historical Data

The historical data trend for Micro Imaging Technology'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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Micro Imaging Technology Total Current Assets Chart

Micro Imaging Technology Annual Data

Trend

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Total Current Assets

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0.11

0.18

0.01

0.16

0.07

Micro Imaging Technology Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14
Total Current Assets	Get a 7-Day Free Trial															0.07	0.07	0.07	0.07	0.07

Micro Imaging Technology 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.

Micro Imaging Technology's Total Current Assets for the fiscal year that ended in Oct. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.005	+	0	+	0.067	+	0.00099999999999999
	=	0.07

Micro Imaging Technology's Total Current Assets for the quarter that ended in Jul. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0	+	0.067	+	0.005
	=	0.07

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.

Micro Imaging Technology (OTCPK:MMTC) 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.

Micro Imaging Technology's Liquidation Value for the quarter that ended in Jul. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	1.571	+	0.75 * 0	+	0.5 * 0.067
=	-1.54

Micro Imaging Technology Total Current Assets Related Terms

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Micro Imaging Technology (Micro Imaging Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro Imaging Technology Inc (OTCPK:MMTC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673

Website

http://www.micro-imaging.com

Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.

Executives

Anthony M Frank

other: 5% owner

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