Altus Midstream Co (Altus Midstream Co) Total Current Assets : $166.6 Mil (As of Dec. 2021)

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What is Altus Midstream Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Altus Midstream Co's total current assets for the quarter that ended in Dec. 2021 was $166.6 Mil.

Altus Midstream Co Total Current Assets Historical Data

The historical data trend for Altus Midstream Co'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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Altus Midstream Co Total Current Assets Chart

Altus Midstream Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Current Assets

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0.55

468.03

31.74

42.77

166.63

Altus Midstream Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Total Current Assets	Get a 7-Day Free Trial															42.77	76.19	98.21	130.30	166.63

Altus Midstream Co 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.

Altus Midstream Co's Total Current Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	131.963	+	25.841	+	2.958	+	5.866
	=	166.6

Altus Midstream Co's Total Current Assets for the quarter that ended in Dec. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	131.963	+	25.841	+	2.958	+	5.866
	=	166.6

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.

Altus Midstream Co (NAS:ALTM) 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.

Altus Midstream Co's Liquidation Value for the quarter that ended in Dec. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	131.963	-	819.588	+	0.75 * 25.841	+	0.5 * 2.958
=	-666.8

Altus Midstream Co Total Current Assets Related Terms

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Altus Midstream Co (Altus Midstream Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altus Midstream Co (NAS:ALTM) » Definitions » Total Current Assets

Comparable Companies

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Traded in Other Exchanges

N/A

Address

2000 Post Oak Boulevard, One Post Oak Central, Suite 100, Houston, TX, USA, 77056-4400

Website

http://www.altusmidstream.com

Altus Midstream Co is the United States-based midstream corporation. Through its consolidated subsidiaries, it owns natural gas gathering, processing, and transmission assets including transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities in the Permian Basin of West Texas. The majority of the revenue is generated from gas processing services.