Abraxas Petroleum (STU:AXOA) Total Current Assets : €10.59 Mil (As of Dec. 2022)

View and export this data going back to 2013. Start your Free Trial

What is Abraxas Petroleum Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Abraxas Petroleum's total current assets for the quarter that ended in Dec. 2022 was €10.59 Mil.

Abraxas Petroleum Total Current Assets Historical Data

The historical data trend for Abraxas 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.

Abraxas Petroleum Total Current Assets Chart

Abraxas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

Get a 7-Day Free Trial

44.59

18.83

19.77

21.31

10.59

Abraxas Petroleum Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Total Current Assets	Get a 7-Day Free Trial															21.31	16.51	25.79	34.79	10.59

Abraxas 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.

Abraxas 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
	=	2.715	+	4.605	+	0	+	3.265
	=	10.59

Abraxas Petroleum's Total Current Assets for the quarter that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.715	+	4.605	+	0	+	3.265
	=	10.59

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.

Abraxas Petroleum (STU:AXOA) 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.

Abraxas Petroleum's Liquidation Value for the quarter that ended in Dec. 2022 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.715	-	8.883	+	0.75 * 4.605	+	0.5 * 0
=	-2.71

Abraxas Petroleum Total Current Assets Related Terms

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

Abraxas Petroleum (STU:AXOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraxas Petroleum Corp (STU:AXOA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259

Website

http://www.abraxaspetroleum.com

Abraxas Petroleum Corp is an independent energy company. It is primarily engaged in the acquisition, exploration, development, and production of oil and gas in the United States. The company's oil and gas assets are located in two operating regions, the Permian/Delaware Basin and the Rocky Mountain. It produces oil and gas from multiple stacked formations and various reservoirs, primarily the Bakken, Three Forks, and Red River formations. It generates the vast majority of its revenue from oil sales.

Abraxas Petroleum (STU:AXOA) Headlines

No Headlines