IRIG (Integrated Drilling Equipment Holdings) Total Current Assets: $30.31 Mil (As of Dec. 2014)


What is Integrated Drilling Equipment Holdings Total Current Assets?

Integrated Drilling Equipment Holdings IRIG Total Current Assets is $30.31 Mil as of Dec. 2014.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Integrated Drilling Equipment Holdings's total current assets for the quarter that ended in Dec. 2014 was $30.31 Mil.

Integrated Drilling Equipment Holdings  (OTCPK:IRIG) 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.

Integrated Drilling Equipment Holdings's Liquidation Value for the quarter that ended in Dec. 2014 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1.263-70.942+0.75 * 15.252+0.5 * 7.95
=-54.27

* 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.

Integrated Drilling Equipment Holdings Total Current Assets Related Terms

Integrated Drilling Equipment Holdings Total Current Assets Historical Data

* Premium members only.

The historical data trend for Integrated Drilling Equipment Holdings'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.

Integrated Drilling Equipment Holdings Total Current Assets Chart

Integrated Drilling Equipment Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Total Current Assets
65.82 43.91 22.35 30.31

Integrated Drilling Equipment Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.35 23.97 21.11 26.17 30.31

Integrated Drilling Equipment Holdings 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.

Integrated Drilling Equipment Holdings's Total Current Assets for the fiscal year that ended in Dec. 2014 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=1.263+20.17+7.95+0.928
=30.31

Integrated Drilling Equipment Holdings's Total Current Assets for the quarter that ended in Dec. 2014 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=1.263+20.17+7.95+0.928
=30.31

* 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 $30.31 Mil mean?
Integrated Drilling Equipment Holdings (IRIG) has a Total Current Assets of $30.31 Mil as of Dec. 2014. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Integrated Drilling Equipment Holdings and its competitors.
Is Integrated Drilling Equipment Holdings' Total Current Assets too high?
Integrated Drilling Equipment Holdings' current Total Current Assets is $30.31 Mil.
How does Integrated Drilling Equipment Holdings' Total Current Assets compare to ESES and TIRTZ?
Integrated Drilling Equipment Holdings' Total Current Assets of $30.31 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 Integrated Drilling Equipment Holdings and its competitors. Integrated Drilling Equipment Holdings's current Total Current Assets is $30.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Drilling Equipment Holdings stock overvalued right now?
Integrated Drilling Equipment Holdings (IRIG) has a current Total Current Assets of $30.31 Mil. The current Total Current Assets is $30.31 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 Integrated Drilling Equipment Holdings (IRIG), the current Total Current Assets is $30.31 Mil as of Dec. 2014. 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.

Integrated Drilling Equipment Holdings Business Description

Industry EnergyOil & Gas
Address 25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380
Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.