Current Asset AnalysisCurrent Asset is all of company's assets that can be used to pay off current liabilities within current fiscal period or over next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Citigroup Distress Driver Correlations
Current Asset PatternSum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments;Goodwill and Intangible Assets; [PPNENET];tax asset and Trade and Non Trade Receivables.
About Current AssetCurrent Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets, since these assets can be easily liquidated in case the company goes bankrupt. However it is usually not enough to know if a company is in a good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Citigroup Current Asset Assessment
In accordance with recently published financial statements Citigroup has Current Asset of 0.0. This indicator is about the same for the Financial Services average (which is currently at 0.0) sector, and about the same as Banks - Global (which currently averages 0.0) industry, This indicator is about the same for all stocks average (which is currently at 0.0).