Safetek International (Safetek International) Total Current Assets : $0.21 Mil (As of Sep. 2006)

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What is Safetek International Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Safetek International's total current assets for the quarter that ended in Sep. 2006 was $0.21 Mil.

Safetek International Total Current Assets Historical Data

The historical data trend for Safetek International'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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Safetek International Total Current Assets Chart

Safetek International Annual Data

Trend

Dec03

Dec04

Dec05

Total Current Assets

0.51

Safetek International Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Total Current Assets	Get a 7-Day Free Trial						0.51	0.51	0.27	0.31	0.21

Safetek International 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.

Safetek International's Total Current Assets for the fiscal year that ended in Dec. 2005 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.417	+	0.016	+	0	+	0.079
	=	0.51

Safetek International's Total Current Assets for the quarter that ended in Sep. 2006 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.055	+	0.005	+	0.108	+	0.038
	=	0.21

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.

Safetek International (OTCPK:SFIN) 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.

Safetek International's Liquidation Value for the quarter that ended in Sep. 2006 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.055	-	1.942	+	0.75 * 0	+	0.5 * 0.108
=	-1.83

Safetek International Total Current Assets Related Terms

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Safetek International (Safetek International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Safetek International Inc (OTCPK:SFIN) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Chapel Street, Brentwood B, Liverpool, GBR, L39AG

Website

http://www.safetekinternational.com

Safetek International Inc currently has no operations. Previously, it was engaged in manufacturing prototypes and distributing the final product on behalf of technology developers.

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