Universal Potash (Universal Potash) Total Current Assets : $0.06 Mil (As of Jun. 2008)

View and export this data going back to 2006. Start your Free Trial

What is Universal Potash Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Universal Potash's total current assets for the quarter that ended in Jun. 2008 was $0.06 Mil.

Universal Potash Total Current Assets Historical Data

The historical data trend for Universal Potash'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.

* Premium members only.

Universal Potash Total Current Assets Chart

Universal Potash Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Total Current Assets

0.06

0.02

0.01

0.03

0.14

Universal Potash Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
Total Current Assets	Get a 7-Day Free Trial												0.04	0.01	0.05	0.14	0.06

Universal Potash 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.

Universal Potash's Total Current Assets for the fiscal year that ended in Mar. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.131	+	0	+	0	+	0.006
	=	0.14

Universal Potash's Total Current Assets for the quarter that ended in Jun. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.054	+	0	+	0	+	0.005
	=	0.06

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.

Universal Potash (OTCPK:UPCO) 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.

Universal Potash's Liquidation Value for the quarter that ended in Jun. 2008 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.054	-	0.692	+	0.75 * 0	+	0.5 * 0
=	-0.64

Universal Potash Total Current Assets Related Terms

Thank you for viewing the detailed overview of Universal Potash's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Universal Potash (Universal Potash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Universal Potash Corp (OTCPK:UPCO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1300 East Street, Fairport Harbor, OH, USA, 44077

Website

http://www.universalpotash.com

Universal Potash Corp is an exploration stage company. It is engaged in the mining of natural resources in the United States.

Universal Potash (Universal Potash) Headlines

No Headlines