Sound Energy (Sound Energy) Total Current Assets : $7.84 Mil (As of Dec. 2023)

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What is Sound Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sound Energy's total current assets for the quarter that ended in Dec. 2023 was $7.84 Mil.

Sound Energy Total Current Assets Historical Data

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

Sound Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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9.38

9.11

6.21

9.47

7.84

Sound Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															6.21	17.32	9.47	9.92	7.84

Sound 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.

Sound 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
	=	3.818	+	1.17	+	1.158	+	1.698
	=	7.84

Sound 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
	=	3.818	+	1.17	+	1.158	+	1.698
	=	7.84

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.

Sound Energy (OTCPK:SNEGF) 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.

Sound 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)
=	3.818	-	47.481	+	0.75 * 0	+	0.5 * 1.158
=	-43.08

Sound Energy Total Current Assets Related Terms

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Sound Energy (Sound Energy) Business Description

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SOU:UK 88S1:Germany

Address

20 St Dunstan's Hill, London, GBR, EC3R 8HL

Website

https://www.soundenergyplc.com

Sound Energy PLC is a transitional energy company, with two-phase development projects in Morocco which include a micro-LNG project, a cornerstone investor, and sizeable exploration potential with ESG at its core. It owns the Tendrara Production concession (75% effective interest) with recoverable resources of 377Bcf (2C) natural gas discovery (TE-5 Horst) in the Triassic TAGI gas reservoir; the Greater Tendrara Exploration permit (75% effective interest); the Anoual exploration permit (75% effective interest) and a 75% effective interest in Sidi Mokhtar on the Atlantic seaboard of Morocco.

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