Parsley Energy (Parsley Energy) Total Current Assets : $270 Mil (As of Sep. 2020)

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What is Parsley Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Parsley Energy's total current assets for the quarter that ended in Sep. 2020 was $270 Mil.

Parsley Energy Total Current Assets Historical Data

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

Parsley Energy Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Current Assets

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488.33

299.49

919.49

540.71

398.37

Parsley Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Current Assets	Get a 7-Day Free Trial															451.58	398.37	809.19	333.53	269.89

Parsley 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.

Parsley Energy's Total Current Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	20.739	+	241.184	+	0	+	136.45
	=	398

Parsley Energy's Total Current Assets for the quarter that ended in Sep. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.662	+	172.49	+	0	+	92.741
	=	270

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.

Parsley Energy (NYSE:PE) 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.

Parsley Energy's Liquidation Value for the quarter that ended in Sep. 2020 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.662	-	3717.509	+	0.75 * 141.72	+	0.5 * 0
=	-3,607

Parsley Energy Total Current Assets Related Terms

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Parsley Energy (Parsley Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

303 Colorado Street, Suite 3000, Austin, TX, USA, 78701

Website

http://www.parsleyenergy.com

Parsley Energy is an independent oil and gas producer in the United States that operates exclusively in the Permian Basin. At the end of 2019, it reported net proven reserves of 592 million barrels of oil equivalent. Net production averaged about 140,600 barrels per day in 2018, at a ratio of 62% oil, 21% natural gas liquids, and 17% natural gas.

Executives

Bryan Sheffield	director, officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Roberts Colin	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ryan Dalton	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ron Brokmeyer	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Vanloh S Wil Jr	director, 10 percent owner	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Karen Parfitt Hughes	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Q-jagged Peak Energy Investment Partners, Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700 HOUSTON TX 77010
Jerry Windlinger	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Hemang Desai	director	221 WEST 6TH STREET SUITE 750 AUSTIN TX 78701
David Henry Smith	director	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
James J. Kleckner	director	1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
William Browning	director	8066 PARK LANE, UNIT 602, DALLAS TX 75231
Qem V Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
A R Alameddine	director	303 COLORADO STREET, SUITE 3000, AUSTIN TX 78701
Matthew Gallagher	director, officer: See Remarks	500 W. TEXAS AVENUE, TOWER I, SUITE 200, MIDLAND TX 79701