United States Oil and Gas (FRA:NG5B) Total Current Assets: €2.11 Mil (As of Sep. 2011)

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What is United States Oil and Gas Total Current Assets?

United States Oil and Gas FRA:NG5B Total Current Assets is €2.11 Mil as of Sep. 2011.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. United States Oil and Gas's total current assets for the quarter that ended in Sep. 2011 was €2.11 Mil.

United States Oil and Gas  (FRA:NG5B) 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.

United States Oil and Gas's Liquidation Value for the quarter that ended in Sep. 2011 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.008-5.403+0.75 * 1.434+0.5 * 0.334
=-4.15

* 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.

United States Oil and Gas Total Current Assets Related Terms

United States Oil and Gas Total Current Assets Historical Data

* Premium members only.

The historical data trend for United States Oil and 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.

United States Oil and Gas Total Current Assets Chart

United States Oil and Gas Annual Data
Trend Dec09 Dec10
Total Current Assets
1.63 1.84

United States Oil and Gas Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 1.84 1.87 2.18 2.11

United States Oil and 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.

United States Oil and Gas's Total Current Assets for the fiscal year that ended in Dec. 2010 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.003+1.281+0.318+0.237
=1.84

United States Oil and Gas's Total Current Assets for the quarter that ended in Sep. 2011 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.008+1.434+0.334+0.331
=2.11

* 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.

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 €2.11 Mil mean?
United States Oil and Gas (FRA:NG5B) has a Total Current Assets of €2.11 Mil as of Sep. 2011. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for United States Oil and Gas and its competitors.
Is United States Oil and Gas' Total Current Assets too high?
United States Oil and Gas' current Total Current Assets is €2.11 Mil.
How does United States Oil and Gas' Total Current Assets compare to competitors?
United States Oil and Gas' Total Current Assets of €2.11 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 United States Oil and Gas and its competitors. United States Oil and Gas's current Total Current Assets is €2.11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United States Oil and Gas stock overvalued right now?
United States Oil and Gas (FRA:NG5B) has a current Total Current Assets of €2.11 Mil. The current Total Current Assets is €2.11 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 United States Oil and Gas (FRA:NG5B), the current Total Current Assets is €2.11 Mil as of Sep. 2011. 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.

United States Oil and Gas Business Description

Industry EnergyOil & Gas
United States Oil And Gas Corp was founded in April 2007. The Company identifies and attempts to acquire domestic oil and gas service companies that market and distribute refined fuels, distillates (which are liquid petroleum products that are burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power) and propane to retail and wholesale customers and oversee the operations of the businesses it acquires. Its acquisition targets are small to mid-sized family-run companies. Oil and gas service companies typically purchase bulk fuel and propane from regional suppliers, then store, sell, and deliver the fuel and propane to local businesses, drillers, farms, wholesalers, and individuals.