ERINQ (Erin Energy) Total Assets: $251.1 Mil (As of Dec. 2017)


What is Erin Energy Total Assets?

Erin Energy ERINQ -99.00% Total Assets is $251.1 Mil as of Dec. 2017.

Erin Energy's Total Assets for the quarter that ended in Dec. 2017 was $251.1 Mil.

Total Assets is connected with ROA %. Erin Energy's annualized ROA % for the quarter that ended in Dec. 2017 was -21.22%. Total Assets is also linked to Revenue through Asset Turnover. Erin Energy's Asset Turnover for the quarter that ended in Dec. 2017 was 0.09.

Erin Energy  (OTCPK:ERINQ) Total Assets Explanation

Total Assets is connected with ROA %.

Erin Energy's annualized ROA % for the quarter that ended in Dec. 2017 is

ROA %=Net Income (Q: Dec. 2017 )/( (Total Assets (Q: Sep. 2017 )+Total Assets (Q: Dec. 2017 ))/ count )
=-51/( (229.491+251.128)/ 2 )
=-51/240.3095
=-21.22 %

Note: The Net Income data used here is four times the quarterly (Dec. 2017) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Erin Energy's Asset Turnover for the quarter that ended in Dec. 2017 is

Asset Turnover
=Revenue (Q: Dec. 2017 )/( (Total Assets (Q: Sep. 2017 )+Total Assets (Q: Dec. 2017 ))/ count )
=21.664/( (229.491+251.128)/ 2 )
=21.664/240.3095
=0.09

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Erin Energy Total Assets Related Terms

Erin Energy Total Assets Historical Data

* Premium members only.

The historical data trend for Erin Energy's Total 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.

Erin Energy Total Assets Chart

Erin Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 454.22 638.44 395.16 289.20 251.13

Erin Energy Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 289.20 287.40 190.93 229.49 251.13

Erin Energy Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Erin Energy's Total Assets for the fiscal year that ended in Dec. 2017 is calculated as

Total Assets=Total Equity (A: Dec. 2017 )+Total Liabilities (A: Dec. 2017 )
=-362.778+613.906
=251.1

Erin Energy's Total Assets for the quarter that ended in Dec. 2017 is calculated as

Total Assets=Total Equity (Q: Dec. 2017 )+Total Liabilities (Q: Dec. 2017 )
=-362.778+613.906
=251.1

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $251.1 Mil mean?
Erin Energy (ERINQ) has a Total Assets of $251.1 Mil as of Dec. 2017. The total amount of assets as recorded on a company's balance sheet. View historical data on Erin Energy and its competitors.
Is Erin Energy's Total Assets too high?
Erin Energy's current Total Assets is $251.1 Mil.
How does Erin Energy's Total Assets compare to FPPP and UNGS?
Erin Energy's Total Assets of $251.1 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for an Oil & Gas company?
A good Total Assets depends on the Oil & Gas industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Erin Energy and its competitors. Erin Energy's current Total Assets is $251.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erin Energy stock overvalued right now?
Erin Energy (ERINQ) has a current Total Assets of $251.1 Mil. The current Total Assets is $251.1 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Erin Energy (ERINQ), the current Total Assets is $251.1 Mil as of Dec. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Erin Energy Business Description

Industry EnergyOil & Gas
Address 1330 Post Oak Boulevard, Suite 2250, Houston, TX, USA, 77056
Erin Energy Corp is an independent oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa.