Lilis Energy (Lilis Energy) Total Assets : $139.06 Mil (As of Sep. 2020)

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What is Lilis Energy Total Assets?

Lilis Energy's Total Assets for the quarter that ended in Sep. 2020 was $139.06 Mil.

Total Assets is connected with ROA %. Lilis Energy's annualized ROA % for the quarter that ended in Sep. 2020 was -179.69%. Total Assets is also linked to Revenue through Asset Turnover. Lilis Energy's Asset Turnover for the quarter that ended in Sep. 2020 was 0.06.

Lilis Energy Total Assets Historical Data

The historical data trend for Lilis Energy's Total 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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Lilis Energy Total Assets Chart

Lilis Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Assets

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3.71

53.52

195.94

480.77

258.60

Lilis Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Assets	Get a 7-Day Free Trial															474.68	258.60	250.93	192.19	139.06

Lilis Energy Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Lilis Energy's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	7.373	+	251.226
	=	258.60

Lilis Energy's Total Assets for the quarter that ended in Sep. 2020 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2020 )	+	Total Liabilities (Q: Sep. 2020 )
	=	-94.882	+	233.945
	=	139.06

Lilis Energy (OTCPK:LLEXQ) Total Assets Explanation

Total Assets is connected with ROA %.

Lilis Energy's annualized ROA % for the quarter that ended in Sep. 2020 is

ROA %	=	Net Income (Q: Sep. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Sep. 2020 ))	/ count )
	=	-297.612	/	( (192.191	+	139.063)	/ 2 )
	=	-297.612	/	165.627
	=	-179.69 %

Note: The Net Income data used here is four times the quarterly (Sep. 2020) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Lilis Energy's Asset Turnover for the quarter that ended in Sep. 2020 is

	Asset Turnover
=	Revenue (Q: Sep. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Sep. 2020 ))	/ count )
=	9.987	/	( (192.191	+	139.063)	/ 2 )
=	9.987	/	165.627
=	0.06

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Lilis Energy Total Assets Related Terms

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Lilis Energy (Lilis Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lilis Energy Inc (OTCPK:LLEXQ) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

201 Main Street, Suite 700, Fort Worth, TX, USA, 76102

Website

http://www.lilisenergy.com

Lilis Energy Inc is an upstream independent oil and gas company operating in the US. It is engaged in the acquisition, drilling, and production of oil and natural gas properties and prospects. The company focuses on drilling horizontal wells in the Delaware Basin of West Texas as well as acquisition, development, and production of conventional and unconventional oil and natural gas properties in Permian in Winkler, Loving, and Reeves Counties, Texas and Lea County, New Mexico and the Denver-Julesburg Basin in Wyoming, Colorado, and Nebraska. The firm generates key revenue through the sale of Liquids.

Executives

Nicholas Winter	director	C/O VARDE PARTNERS INC. 609 MAIN STREET, SUITE 3925 HOUSTON TX 77002
Ronald D Ormand	director	11622 MONICA STREET, HOUSTON TX 77024
Nuno Brandolini	director	717 TEXAS AVE., SUITE 3100, HOUSTON TX 77002
Michael G Long	director	1000 MAIN STREET, SUITE 3000, HOUSTON TX 77002
R Glenn Dawson	director	C/O NULOCH RESOURCES 2200-444 5TH AVE SW CALGARY A0 T2P 2T8
Nicholas Steinsberger	director	401 VINTAGE COURT COLLEYVILLE TX 76034
Mark Daniel Christensen	director	30A HAZELTON AVENUE 4TH FLOOR TORONTO A6 M5R 2E2
David M. Wood	director	200 PEACH STREET, P.O. BOX 7000, EL DORADO AR 71730
Varde Investment Partners Ugp, Llc	other: See Remarks	C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Ilfryn Carstairs	10 percent owner	C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Varde Skyway Fund Ugp, Llc	other: See Remarks	C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Joseph C Daches	officer: CEO & President	TWO CITY PLACE, SUITE 1700 100 THROCKMORTON FORT WORTH TX 76102
Varde Skyway Fund, L.p.	director, 10 percent owner	8500 NORMANDALE LAKE BLVD., SUITE 1500 MINNEAPOLIS MN 55437
Varde Fund Xi G.p., Llc	director, 10 percent owner	901 MARQUETTE AVENUE SOUTH SUITE 3300 MINNEAPOLIS MN 55402
Varde Fund Xi (master), L.p.	director, 10 percent owner	901 MARQUETTE AVENUE SOUTH SUITE 3300 MINNEAPOLIS MN 55402