Canadian Overseas Petroleum (LSE:COPL) Total Current Assets : £3.11 Mil (As of Sep. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Canadian Overseas Petroleum Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Canadian Overseas Petroleum's total current assets for the quarter that ended in Sep. 2023 was £3.11 Mil.

Canadian Overseas Petroleum Total Current Assets Historical Data

The historical data trend for Canadian Overseas Petroleum'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.

* Premium members only.

Canadian Overseas Petroleum Total Current Assets Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

Get a 7-Day Free Trial

1.68

0.14

1.23

11.57

4.98

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Current Assets	Get a 7-Day Free Trial															7.09	4.98	10.24	5.59	3.11

Canadian Overseas Petroleum 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.

Canadian Overseas Petroleum's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.284	+	0	+	0.225	+	1.471
	=	4.98

Canadian Overseas Petroleum's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.752	+	0.334	+	0.206	+	0.82
	=	3.11

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.

Canadian Overseas Petroleum (LSE:COPL) 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.

Canadian Overseas Petroleum's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.752	-	74.354	+	0.75 * 0.334	+	0.5 * 0.206
=	-72.25

Canadian Overseas Petroleum Total Current Assets Related Terms

Thank you for viewing the detailed overview of Canadian Overseas Petroleum's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Overseas Petroleum (LSE:COPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Overseas Petroleum Ltd (LSE:COPL) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

VELXF:USA V9L:Germany XOP:Canada

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

Canadian Overseas Petroleum (LSE:COPL) Headlines

No Headlines