International Seaways (FRA:IS5) Total Current Assets : €450.9 Mil (As of Mar. 2024)

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What is International Seaways Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. International Seaways's total current assets for the quarter that ended in Mar. 2024 was €450.9 Mil.

International Seaways Total Current Assets Historical Data

The historical data trend for International Seaways'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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International Seaways Total Current Assets Chart

International Seaways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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168.61

211.12

198.68

606.63

426.39

International Seaways Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															525.47	516.59	444.02	426.39	450.87

International Seaways 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.

International Seaways's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	171.259	+	239.766	+	1.219	+	14.143
	=	426.4

International Seaways's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	197.341	+	234.455	+	0.546	+	18.523
	=	450.9

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.

International Seaways (FRA:IS5) 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.

International Seaways's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	197.341	-	696.009	+	0.75 * 7.999	+	0.5 * 0.546
=	-492.4

International Seaways Total Current Assets Related Terms

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International Seaways (FRA:IS5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Seaways Inc (FRA:IS5) » Definitions » Total Current Assets

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Traded in Other Exchanges

INSW:USA INSW:Mexico

Address

600 Third Avenue, 39th Floor, New York, NY, USA, 10016

Website

https://www.intlseas.com

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.

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