Cobalt International Energy (FRA:C1O1) Total Current Assets : €555.91 Mil (As of Dec. 2017)

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What is Cobalt International Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Cobalt International Energy's total current assets for the quarter that ended in Dec. 2017 was €555.91 Mil.

Cobalt International Energy Total Current Assets Historical Data

The historical data trend for Cobalt International Energy'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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Cobalt International Energy Total Current Assets Chart

Cobalt International Energy Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Current Assets

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1,436.23

1,624.54

1,533.03

1,087.54

555.91

Cobalt International Energy Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Total Current Assets	Get a 7-Day Free Trial															1,087.54	912.49	710.59	635.81	555.91

Cobalt International Energy 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.

Cobalt International Energy'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
	=	364.741	+	148.99	+	0	+	42.18
	=	555.91

Cobalt International Energy's Total Current Assets for the quarter that ended in Dec. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	364.741	+	148.99	+	0	+	42.18
	=	555.91

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.

Cobalt International Energy (FRA:C1O1) 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.

Cobalt International Energy's Liquidation Value for the quarter that ended in Dec. 2017 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	364.741	-	2865.143	+	0.75 * 0	+	0.5 * 0
=	-2,500.40

Cobalt International Energy Total Current Assets Related Terms

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Cobalt International Energy (FRA:C1O1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cobalt International Energy Inc (FRA:C1O1) » Definitions » Total Current Assets

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Website

http://www.cobaltintl.com

Cobalt International Energy Inc is an independent exploration and production company with operations in the Gulf regions of the United States. The company's process for maturing an exploration prospect from identification to drill-ready status requires the analysis of a multitude of geological data to locate the highest potential areas. In addition, Cobalt performs substantial drilling-related engineering work to further assist its well maturation process. If the company decides to develop or produce from a recent discovery, the asset is then beset with additional evaluations and analysis during the development life cycle.

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