Ocean Rig UDW (FRA:9ORN) Total Current Assets : €658.8 Mil (As of Sep. 2018)

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What is Ocean Rig UDW Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ocean Rig UDW's total current assets for the quarter that ended in Sep. 2018 was €658.8 Mil.

Ocean Rig UDW Total Current Assets Historical Data

The historical data trend for Ocean Rig UDW'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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Ocean Rig UDW Total Current Assets Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Current Assets

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737.09

793.31

1,136.58

1,023.78

837.16

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Current Assets	Get a 7-Day Free Trial															753.91	837.16	742.26	704.25	658.76

Ocean Rig UDW 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.

Ocean Rig UDW's Total Current Assets for the fiscal year that ended in Dec. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	622.016	+	143.355	+	8.089	+	63.697
	=	837.2

Ocean Rig UDW's Total Current Assets for the quarter that ended in Sep. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	579.297	+	60.38	+	5.708	+	13.37
	=	658.8

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.

Ocean Rig UDW (FRA:9ORN) 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.

Ocean Rig UDW's Liquidation Value for the quarter that ended in Sep. 2018 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	579.297	-	361.064	+	0.75 * 60.38	+	0.5 * 5.708
=	266.4

Ocean Rig UDW Total Current Assets Related Terms

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Ocean Rig UDW (FRA:9ORN) Business Description

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Address

Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.

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