Basic Energy Services (Basic Energy Services) Total Current Assets : $102.1 Mil (As of Mar. 2021)

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What is Basic Energy Services Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Basic Energy Services's total current assets for the quarter that ended in Mar. 2021 was $102.1 Mil.

Basic Energy Services Total Current Assets Historical Data

The historical data trend for Basic Energy Services'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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Basic Energy Services Total Current Assets Chart

Basic Energy Services Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Current Assets

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264.53

299.62

295.21

220.39

95.45

Basic Energy Services Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Total Current Assets	Get a 7-Day Free Trial															179.80	114.24	118.19	95.45	102.06

Basic Energy Services 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.

Basic Energy Services's Total Current Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.902	+	60.351	+	8.716	+	24.476
	=	95.4

Basic Energy Services's Total Current Assets for the quarter that ended in Mar. 2021 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	4.889	+	53.846	+	8.546	+	34.782
	=	102.1

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.

Basic Energy Services (OTCPK:BASXQ) 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.

Basic Energy Services's Liquidation Value for the quarter that ended in Mar. 2021 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.889	-	570.951	+	0.75 * 53.846	+	0.5 * 8.546
=	-521.4

Basic Energy Services Total Current Assets Related Terms

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Basic Energy Services (Basic Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Basic Energy Services Inc (OTCPK:BASXQ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Cherry Street, Suite 2100, Fort Worth, TX, USA, 76102

Website

https://www.basices.com

Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.

Executives

James D. Kern	director	100 FEDERAL ST., 31ST FLOOR, BOSTON MA 02110
Pedro R. Buhigas	officer: See Remarks	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Brandon B. Mcguire	officer: SVP, Central Region	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Brett J. Taylor	officer: VP, Chief Technology Officer	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
David Scott Schorlemer	officer: See Remarks	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
James F. Newman	officer: SVP, Region Operations	801 CHERRY STREET FORT WORTH TX 76102
Lanny Trampas Poldrack	officer: VP, Central Region	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Eric Lannen	officer: Vice President -Human Resource	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Adam Logan Hurley	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102
Richard Scott Wegner	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102
Julio M Quintana	director	3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043
Samuel E. Langford	other: Former Director	363 N. SAM HOUSTON PARKWAY E. SUITE 100 HOUSTON TX 77060
Sterling Renshaw	officer: SVP, Western Region	3990 ROGERDALE RD., HOUSTON TX 77042
John Earl Jackson	director	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Derek Jeong	director	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171