Africa Energy (Africa Energy) Total Current Assets : $1.74 Mil (As of Mar. 2024)

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What is Africa Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Africa Energy's total current assets for the quarter that ended in Mar. 2024 was $1.74 Mil.

Africa Energy Total Current Assets Historical Data

The historical data trend for Africa Energy'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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Africa Energy Total Current Assets Chart

Africa Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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2.56

19.99

11.15

7.25

1.83

Africa Energy 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															2.83	1.41	1.09	1.83	1.74

Africa Energy 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.

Africa Energy'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
	=	1.708	+	0.056	+	0	+	0.068
	=	1.83

Africa Energy'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
	=	1.622	+	0.072	+	0	+	0.042
	=	1.74

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.

Africa Energy (OTCPK:HPMCF) 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.

Africa Energy'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)
=	1.622	-	7.709	+	0.75 * 0.072	+	0.5 * 0
=	-6.03

Africa Energy Total Current Assets Related Terms

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Africa Energy (Africa Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Energy Corp (OTCPK:HPMCF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

AEC:Sweden H73:Germany AFE:Canada

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.africaenergycorp.com

Africa Energy Corp is an Canadian based oil and gas exploration company focused on South Africa. The company has exploration assets in South Africa and Namibia. The operations of the company include Block 11B/12B and Block 2B in South Africa as well as Petroleum Exploration License 37 in Namibia.