Ithaca Energy (Ithaca Energy) Total Current Assets : $175.8 Mil (As of Mar. 2017)

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What is Ithaca Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Ithaca Energy's total current assets for the quarter that ended in Mar. 2017 was $175.8 Mil.

Ithaca Energy Total Current Assets Historical Data

The historical data trend for Ithaca 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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Ithaca Energy Total Current Assets Chart

Ithaca Energy Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Total Current Assets

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229.45

446.37

465.51

383.08

225.02

Ithaca Energy Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Total Current Assets	Get a 7-Day Free Trial															350.38	365.07	314.46	225.02	175.76

Ithaca 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.

Ithaca Energy's Total Current Assets for the fiscal year that ended in Dec. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	27.199	+	146.19	+	27.729	+	23.901
	=	225.0

Ithaca Energy's Total Current Assets for the quarter that ended in Mar. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	5.87	+	124.857	+	25.827	+	19.202
	=	175.8

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.

Ithaca Energy (OTCPK:IACAF) 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.

Ithaca Energy's Liquidation Value for the quarter that ended in Mar. 2017 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.87	-	1130.102	+	0.75 * 124.857	+	0.5 * 25.827
=	-1,017.7

Ithaca Energy Total Current Assets Related Terms

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Ithaca Energy (Ithaca Energy) Business Description

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Address

Website

http://www.ithacaenergy.com

Ithaca Energy Inc was incorporated on April 27, 2004 and is domiciled in Alberta, Canada. The Company is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries, the exploitation of its existing UK producing asset portfolio.