SandRidge Permian Trust (SandRidge Permian Trust) Total Current Assets : $12.73 Mil (As of Jun. 2021)

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What is SandRidge Permian Trust Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. SandRidge Permian Trust's total current assets for the quarter that ended in Jun. 2021 was $12.73 Mil.

SandRidge Permian Trust Total Current Assets Historical Data

The historical data trend for SandRidge Permian 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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SandRidge Permian Trust Total Current Assets Chart

SandRidge Permian Trust Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Current Assets

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3.05

2.29

2.37

4.70

7.22

SandRidge Permian Trust Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Total Current Assets	Get a 7-Day Free Trial															2.76	3.29	7.22	3.87	12.73

SandRidge Permian 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.

SandRidge Permian Trust's Total Current Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	7.216	+	0	+	0	+	0
	=	7.22

SandRidge Permian Trust's Total Current Assets for the quarter that ended in Jun. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	12.727	+	0	+	0	+	0
	=	12.73

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.

SandRidge Permian Trust (OTCPK:PERS) 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.

SandRidge Permian Trust's Liquidation Value for the quarter that ended in Jun. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	12.727	-	6	+	0.75 * 0	+	0.5 * 0
=	6.73

SandRidge Permian Trust Total Current Assets Related Terms

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SandRidge Permian Trust (SandRidge Permian Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SandRidge Permian Trust (OTCPK:PERS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://per.q4web.com

SandRidge Permian Trust holds a royalty interest in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The properties of royalty interests are located in the greater Fuhrman-Mascho field, Texas that produces primarily oil from the Grayburg/San Andres formation in the Permian Basin. The other properties of the company include Initial Wells and nearly 856 additional wells which are drilled and perforated for completion.

Executives

Montare Resources I, Llc	10 percent owner, other: Member of 10% Group	400 EAST LAS COLINAS BLVD SUITE 680 IRVING TX 75039
Avalon Energy, Llc	other: Beneficial ownership	5000 QUORUM DRIVE, SUITE 205 DALLAS TX 75254
Sandridge Energy Inc	10 percent owner	123 ROBERT S. KERR AVENUE OKLAHOMA CITY OK 73102-6406