The problem of working capital in the organization was related to surplus investment in current assets
especially receivables and cash components than of inadequacies and in financing working capital mostly long term sources of funds were used.
However, that approach implies that CPLTD will be repaid from the conversion of current assets
For this purpose ratio of raw materials to current assets
, work-in-progress to current assets
, finished goods to current assets
In contrast to its current assets
, a company's fixed assets frequently serve as the borrowing base for a term loan credit facility, where the amount is fixed for a period of time, there is an agreed-upon payment schedule and amounts paid cannot be re-borrowed.
To many companies, current assets
are more important than fixed assets.
Total current assets
602,000 Property and equipment (net) 400,000
The agreement between the Company and Scepter is secured by all current assets
and intellectual property owned by the Company.
AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) March 31, March 31, 2006 2005 (Unaudited) (Audited) ASSETS Current assets
: Cash and cash equivalents $81,588 $26,016 Short-term investments 68,949 134,828 Accounts receivable, net 115,715 74,545 Inventories 116,782 75,090 Other current assets
19,542 15,970 Total current assets
402,576 326,449 Property and equipment, net 341,293 339,624 Goodwill 117,218 119,694 Investment in Jazz Semiconductor, Inc.
As of December 31, 2003 Previously As Balance Sheet Line Item Reported Restated Deferred Income Taxes - Current Assets
$-- $21,935 Total Current Assets
$121,396 $143,331 Deferred Income Taxes - Non-Current Assets
$-- $8,920 Total Assets $1,024,201 $1,055,056 Deferred Income Taxes - Current Liabilities (1) $-- $1,826 Total Current Liabilities $154,701 $156,527 Deferred Income Taxes - Non-Current Liabilities $179,926 $208,955 Total Liabilities and Stockholders' Equity $1,024,201 $1,055,056 (1) This amount has been reported as an accrued liability on the Consolidated Balance Sheet.
Management of Current Assets
& Management of Working Capital.
As of March 31, 2003 the Company also reported current assets
of $12,417,524, total assets of $13,648,610, total shareholders' equity of $7,052,107 and deferred revenues of $5,023,462.
The Company had current assets
of $14,747,781 and long-term assets of $21,157,873, for total assets of $35,905,654.