Patient Access Solutions (Patient Access Solutions) Total Current Assets : $0.38 Mil (As of Jul. 2008)

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What is Patient Access Solutions Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Patient Access Solutions's total current assets for the quarter that ended in Jul. 2008 was $0.38 Mil.

Patient Access Solutions Total Current Assets Historical Data

The historical data trend for Patient Access Solutions'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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Patient Access Solutions Total Current Assets Chart

Patient Access Solutions Annual Data

Trend

Oct06

Oct07

Oct08

Total Current Assets

0.02

0.26

Patient Access Solutions Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08
Total Current Assets	Get a 7-Day Free Trial			-	-	-	0.40	0.38

Patient Access Solutions 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.

Patient Access Solutions's Total Current Assets for the fiscal year that ended in Oct. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.193	+	0.015	+	0.041	+	0.012
	=	0.26

Patient Access Solutions's Total Current Assets for the quarter that ended in Jul. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.081	+	0.07	+	0.041	+	0.184
	=	0.38

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.

Patient Access Solutions (OTCPK:PASO) 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.

Patient Access Solutions's Liquidation Value for the quarter that ended in Jul. 2008 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.081	-	1.611	+	0.75 * 0.056	+	0.5 * 0.041
=	-1.47

Patient Access Solutions Total Current Assets Related Terms

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Patient Access Solutions (Patient Access Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725

Website

http://www.pashealth.com

Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

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