BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) Total Current Assets : $5.30 Mil (As of Dec. 2023)

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What is BP Prudhoe Bay Royalty Trust Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. BP Prudhoe Bay Royalty Trust's total current assets for the quarter that ended in Dec. 2023 was $5.30 Mil.

BP Prudhoe Bay Royalty Trust Total Current Assets Historical Data

The historical data trend for BP Prudhoe Bay Royalty Trust'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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BP Prudhoe Bay Royalty Trust Total Current Assets Chart

BP Prudhoe Bay Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1.15

0.27

6.00

6.07

5.30

BP Prudhoe Bay Royalty Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															6.07	6.07	5.62	5.53	5.30

BP Prudhoe Bay Royalty Trust 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.

BP Prudhoe Bay Royalty Trust's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	5.302	+	0	+	0	+	0
	=	5.30

BP Prudhoe Bay Royalty Trust's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	5.302	+	0	+	0	+	0
	=	5.30

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.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) 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.

BP Prudhoe Bay Royalty Trust's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.302	-	0.338	+	0.75 * 0	+	0.5 * 0
=	4.96

BP Prudhoe Bay Royalty Trust Total Current Assets Related Terms

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BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) Business Description

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601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.bnymellon.com

BP Prudhoe Bay Royalty Trust is a grantor trust operating in the US. The property of the Trust consists of an overriding royalty interest. The Royalty Interest entitles the Trust to receive the royalty from the production of crude oil and condensate from the working interest of BP Exploration (Alaska) Inc. in the Prudhoe Bay oil field located on the North Slope of Alaska.