LifeQuest World (LifeQuest World) Total Current Assets : $0.28 Mil (As of May. 2009)

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What is LifeQuest World Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. LifeQuest World's total current assets for the quarter that ended in May. 2009 was $0.28 Mil.

LifeQuest World Total Current Assets Historical Data

The historical data trend for LifeQuest World'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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LifeQuest World Total Current Assets Chart

LifeQuest World Annual Data

Trend

May00

May01

May02

May03

May04

May05

May06

May07

May08

May09

Total Current Assets

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0.12

0.11

0.28

0.32

0.28

LifeQuest World Semi-Annual Data
	May99	May00	May01	May02	May03	May04	May05	May06	May07	May08	May09
Total Current Assets	Get a 7-Day Free Trial						0.12	0.11	0.28	0.32	0.28

LifeQuest World 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.

LifeQuest World's Total Current Assets for the fiscal year that ended in May. 2009 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.024	+	0.256	+	0.0019999999999999
	=	0.28

LifeQuest World's Total Current Assets for the quarter that ended in May. 2009 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0	+	0.024	+	0.256	+	0.0019999999999999
	=	0.28

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.

LifeQuest World (OTCPK:LQWC) 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.

LifeQuest World's Liquidation Value for the quarter that ended in May. 2009 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	2.629	+	0.75 * 0.024	+	0.5 * 0.256
=	-2.48

LifeQuest World Total Current Assets Related Terms

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LifeQuest World (LifeQuest World) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LifeQuest World Corp (OTCPK:LQWC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Challenger Road, 8th Floor, Ridgefield Park, NJ, USA, 07660

Website

https://www.lifequestcorp.com

LifeQuest World Corp is a technology leader in low-cost, low-maintenance, eco-friendly, decentralized wastewater treatment. It intends to rapidly add solutions for the treatment of effluents. The company markets the following products namely BioPipe; Abrimix water treatment technology is capable of treating industrial wastewater and Goslyn is a patented fat, oil, and grease recovery device used in restaurants, hotels, and industrial kitchens.

Executives

Anthony Carl Jurak	director, 10 percent owner, officer: CEO	297 MARIN ST, SAINTE ADELE QUEBEC A1 J8B2P8
Roger Theriault	director, officer: President	1181 GRIER DR., SUITE C, LAS VEGAS NV 89119
Maria Jose Guedes	officer: V.P. of Operations/Asst. Secy.	1181 GRIER DR., SUITE C, LAS VEGAS NV 89119