Arkanova Energy (Arkanova Energy) Total Current Assets : $0.21 Mil (As of Sep. 2016)

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What is Arkanova Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Arkanova Energy's total current assets for the quarter that ended in Sep. 2016 was $0.21 Mil.

Arkanova Energy Total Current Assets Historical Data

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

Arkanova Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Total Current Assets

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0.25

0.99

1.40

2.91

0.21

Arkanova Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Total Current Assets	Get a 7-Day Free Trial															2.91	2.14	1.73	1.36	0.21

Arkanova 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.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.075	+	0.055	+	0	+	0.075
	=	0.21

Arkanova Energy's Total Current Assets for the quarter that ended in Sep. 2016 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.075	+	0.055	+	0	+	0.075
	=	0.21

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.

Arkanova Energy (OTCPK:AKVA) 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.

Arkanova Energy's Liquidation Value for the quarter that ended in Sep. 2016 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.075	-	19.534	+	0.75 * 0.055	+	0.5 * 0
=	-19.42

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Arkanova Energy (Arkanova Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arkanova Energy Corp (OTCPK:AKVA) » Definitions » Total Current Assets

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Address

305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746

Website

http://www.arkanovaenergy.com

Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

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