Sonde Resources (Sonde Resources) Total Current Assets : $20.39 Mil (As of Jun. 2014)

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What is Sonde Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sonde Resources's total current assets for the quarter that ended in Jun. 2014 was $20.39 Mil.

Sonde Resources Total Current Assets Historical Data

The historical data trend for Sonde Resources'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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Sonde Resources Total Current Assets Chart

Sonde Resources Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Current Assets

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40.82

111.27

12.42

25.37

38.63

Sonde Resources Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Total Current Assets	Get a 7-Day Free Trial															26.19	24.87	38.63	26.46	20.39

Sonde Resources 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.

Sonde Resources's Total Current Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	31.911	+	0	+	0	+	6.72
	=	38.63

Sonde Resources's Total Current Assets for the quarter that ended in Jun. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	5.005	+	0	+	0	+	15.382
	=	20.39

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.

Sonde Resources (AMEX:SOQDQ) 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.

Sonde Resources's Liquidation Value for the quarter that ended in Jun. 2014 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.005	-	2.796	+	0.75 * 0	+	0.5 * 0
=	2.21

Sonde Resources Total Current Assets Related Terms

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Sonde Resources (Sonde Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sonde Resources Corp (AMEX:SOQDQ) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

North Hill NW, P.O. Box 65161, Calgary, AB, CAN, T2N 4T6

Website

http://www.sonderesources.com

Sonde Resources Corp is a Canada-based oil and gas exploration and production company. The company is engaged in the exploration for, and acquisition, development, and production of, petroleum and natural gas with operations in North Africa and Western Canada. Sonde is actively engaged in exploration and development of oil and gas resources throughout the Joint Oil Block in offshore Tunisia and Libya.

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