Volcan Holdings (Volcan Holdings) Total Current Assets : $0.44 Mil (As of Jun. 2010)

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What is Volcan Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Volcan Holdings's total current assets for the quarter that ended in Jun. 2010 was $0.44 Mil.

Volcan Holdings Total Current Assets Historical Data

The historical data trend for Volcan Holdings'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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Volcan Holdings Total Current Assets Chart

Volcan Holdings Annual Data

Trend

Aug07

Aug08

Jun09

Jun10

Total Current Assets

0.22

0.44

Volcan Holdings Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10
Total Current Assets	Get a 7-Day Free Trial										0.22	0.29	0.35	0.45	0.44

Volcan Holdings 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.

Volcan Holdings's Total Current Assets for the fiscal year that ended in Jun. 2010 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0.432	+	0	+	0
	=	0.44

Volcan Holdings's Total Current Assets for the quarter that ended in Jun. 2010 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.004	+	0.432	+	0	+	0
	=	0.44

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.

Volcan Holdings (OTCPK:VOHO) 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.

Volcan Holdings's Liquidation Value for the quarter that ended in Jun. 2010 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.004	-	2.456	+	0.75 * 0	+	0.5 * 0
=	-2.45

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Volcan Holdings (Volcan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcan Holdings Inc (OTCPK:VOHO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

412 North Main Street, Suite 100, Buffalo, WY, USA, 82834

Website

https://www.volcan.com.au

Volcan Holdings Inc operates in the industrial metals and minerals industry. The company is engaged in mineral exploration and development in Australia. The primary business is a bauxite alumina resource company.

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