New Zealand Oil & Gas (ASX:NZO) Total Current Assets : A$67.01 Mil (As of Dec. 2023)

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What is New Zealand Oil & Gas Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. New Zealand Oil & Gas's total current assets for the quarter that ended in Dec. 2023 was A$67.01 Mil.

New Zealand Oil & Gas Total Current Assets Historical Data

The historical data trend for New Zealand Oil & Gas'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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New Zealand Oil & Gas Total Current Assets Chart

New Zealand Oil & Gas Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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110.43

111.99

75.48

74.19

56.46

New Zealand Oil & Gas Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															46.95	74.19	51.27	56.46	67.01

New Zealand 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.

New Zealand Oil & Gas's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	33.255	+	15.044	+	2.439	+	5.719
	=	56.46

New Zealand Oil & Gas'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
	=	43.17	+	21.41	+	2.375	+	0.052999999999997
	=	67.01

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.

New Zealand Oil & Gas (ASX:NZO) 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.

New Zealand Oil & Gas'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)
=	43.17	-	83.231	+	0.75 * 21.41	+	0.5 * 2.375
=	-22.82

New Zealand Oil & Gas Total Current Assets Related Terms

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New Zealand Oil & Gas (ASX:NZO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Oil & Gas Ltd (ASX:NZO) » Definitions » Total Current Assets

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Traded in Other Exchanges

NZEOF:USA NZO:New Zealand

Address

36 Tennyson Street, Level 1, Wellington, NZL, 6011

Website

https://www.nzog.com

New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.

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