Fenikso (AQSE:FNK) Total Current Assets : £2.83 Mil (As of Jun. 2023)

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What is Fenikso Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Fenikso's total current assets for the quarter that ended in Jun. 2023 was £2.83 Mil.

Fenikso Total Current Assets Historical Data

The historical data trend for Fenikso'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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Fenikso Total Current Assets Chart

Fenikso Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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24.85

8.68

284.29

101.69

1.91

Fenikso Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Current Assets	Get a 7-Day Free Trial															12.00	101.69	111.65	1.91	2.83

Fenikso 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.

Fenikso's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.171	+	1.736	+	0	+	-0.0010000000000001
	=	1.91

Fenikso's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.866	+	1.959	+	0	+	0
	=	2.83

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.

Fenikso (AQSE:FNK) 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.

Fenikso's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.866	-	8.231	+	0.75 * 0	+	0.5 * 0
=	-7.37

Fenikso Total Current Assets Related Terms

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Fenikso (AQSE:FNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fenikso Ltd (AQSE:FNK) » Definitions » Total Current Assets

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LEKOF:USA

Address

Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, CYM, KY1-9008

Website

https://www.feniksoplc.com

Fenikso Ltd, formerly Lekoil Ltd is functional in the upstream oil and gas industry in Nigeria. The company's business involves exploring potential oil and natural gas and processing of the acquired crude reserves. In collaboration with its subsidiaries including Lekoil Nigeria Limited, Lekoil Exploration and Production (Pty) Limited and Lekoil Management Corporation, the company operates in its assets, which are based in Nigeria such as the Otakikpo marginal field, Nigeria Dahomey Basin OPL310 and Nigeria Dahomey Basin OPL 325. The Otakikpo marginal field lies in a coastal swamp location in Oil Mining Lease (OML) 11. The OPL 310 license located in the Upper Cretaceous fairway, runs along the West African Transform Margin. Lekoil also has projects in Namibia, United States and Cayman.