CVR Energy (CVR Energy) Total Current Assets : $2,179 Mil (As of Dec. 2023)

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What is CVR Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. CVR Energy's total current assets for the quarter that ended in Dec. 2023 was $2,179 Mil.

CVR Energy Total Current Assets Historical Data

The historical data trend for CVR Energy'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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CVR Energy Total Current Assets Chart

CVR Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,274.00

1,402.00

1,369.00

1,593.00

2,179.00

CVR Energy 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															1,593.00	1,637.00	1,646.00	1,887.00	2,179.00

CVR Energy 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.

CVR Energy'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
	=	581	+	286	+	604	+	708
	=	2,179

CVR Energy'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
	=	581	+	286	+	604	+	708
	=	2,179

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.

CVR Energy (NYSE:CVI) 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.

CVR Energy'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)
=	581	-	3669	+	0.75 * 286	+	0.5 * 604
=	-2,572

CVR Energy Total Current Assets Related Terms

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CVR Energy (CVR Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVR Energy Inc (NYSE:CVI) » Definitions » Total Current Assets

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FL9:Germany FL9:Germany

Address

2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479

Website

https://www.cvrenergy.com

CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.

Executives

Carl C Icahn	director, 10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Iep Energy Holding Llc	10 percent owner	16690 COLLINS AVENUE, PH-1, SUNNY ISLES BEACH FL 33160
Ted Papapostolou	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Wright Michael H. Jr.	officer: EVP & Chief Operating Officer	CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Dane J. Neumann	officer: Interim CFO, VP-Fin.&Treasurer	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jeffrey D. Conaway	officer: VP, CAO & Corp. Controller	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
David Willetts	director	16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Kapiljeet Dargan	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Charles Douglas Johnson	officer: EVP & Chief Commercial Officer	2277 PLAZA DR., SUITE 500, SUGAR LAND TX 77479
Jaffrey Adam Firestone	director	C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
David Lynn Landreth	officer: EVP Chief Commercial Officer	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Patricia A. Agnello	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Hunter Clark Gary	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Melissa M Buhrig	officer: EVP, General Counsel & Sec.	C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Matthew W. Bley	officer: CAO and Corp. Controller	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479