AOGC (Australian Oil & Gas) Total Current Assets: $0.02 Mil (As of Mar. 2012)

What is Australian Oil & Gas Total Current Assets?

Australian Oil & Gas AOGC -99.95% Total Current Assets is $0.02 Mil as of Mar. 2012.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Australian Oil & Gas's total current assets for the quarter that ended in Mar. 2012 was $0.02 Mil.

Australian Oil & Gas (OTCPK:AOGC) 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.

Australian Oil & Gas's Liquidation Value for the quarter that ended in Mar. 2012 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.012	-	1.028	+	0.75 * 0	+	0.5 * 0
=	-1.02

* 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.

Australian Oil & Gas Total Current Assets Related Terms

Australian Oil & Gas Total Current Assets Historical Data

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The historical data trend for Australian Oil & Gas's Total Current Assets can be seen below:

Australian Oil & Gas Total Current Assets Chart

Australian Oil & Gas Annual Data

Trend

Dec02

Dec03

Dec04

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Dec11

Total Current Assets

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0.48

0.01

0.04

0.03

Australian Oil & Gas Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12
Total Current Assets	Get a 7-Day Free Trial															0.02	1.75	0.06	0.03	0.02

Australian Oil & Gas 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.

Australian Oil & Gas's Total Current Assets for the fiscal year that ended in Dec. 2011 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.026	+	0.007	+	0	+	0
	=	0.03

Australian Oil & Gas's Total Current Assets for the quarter that ended in Mar. 2012 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.012	+	0.012	+	0	+	0
	=	0.02

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.

Frequently Asked Questions Learn more about Total Current Assets →

What does a Total Current Assets of $0.02 Mil mean?

Australian Oil & Gas (AOGC) has a Total Current Assets of $0.02 Mil as of Mar. 2012. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Australian Oil & Gas and its competitors.

Is Australian Oil & Gas' Total Current Assets too high?

Australian Oil & Gas' current Total Current Assets is $0.02 Mil.

How does Australian Oil & Gas' Total Current Assets compare to PGNPQ and SOIGF?

Australian Oil & Gas' Total Current Assets of $0.02 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 Current Assets for an Oil & Gas company?

A good Total Current Assets depends on the Oil & Gas industry context. However, Total Current 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 Current Assets mean?

A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Australian Oil & Gas and its competitors. Australian Oil & Gas's current Total Current Assets is $0.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Australian Oil & Gas stock overvalued right now?

Australian Oil & Gas (AOGC) has a current Total Current Assets of $0.02 Mil. The current Total Current Assets is $0.02 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Current Assets calculated?

Total Current Assets is calculated from a company's financial statements. For Australian Oil & Gas (AOGC), the current Total Current Assets is $0.02 Mil as of Mar. 2012. 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.

Australian Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies PGNPQ SOIGF MKSEF CEI ORIG GULTU PACD NADL FOEAY PHXHF AWLCF ICD PES ARHVF SDRL GUKYF SDLP TDGCF SBR ATW

Address 500 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Australian Oil & Gas Corp is an energy company that explores for natural gas, crude oil and natural gas liquids.