MGLG (Magellan Energy) Total Current Assets : $0.00 Mil (As of . 20)

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What is Magellan Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Magellan Energy's total current assets for the quarter that ended in . 20 was $0.00 Mil.

Magellan Energy Total Current Assets Historical Data

The historical data trend for Magellan 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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Magellan Energy Total Current Assets Chart

Magellan Energy Annual Data

Trend

Total Current Assets

Magellan Energy Quarterly Data

Total Current Assets

Magellan 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.

Magellan Energy's Total Current Assets for the fiscal year that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

Magellan Energy's Total Current Assets for the quarter that ended in . 20 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=		+		+		+
	=	0.00

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.

Magellan Energy (OTCPK:MGLG) 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.

Magellan Energy's Liquidation Value for the quarter that ended in . 20 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=		-		+	0.75 *	+	0.5 *
=	0.00

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Magellan Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magellan Energy Ltd (OTCPK:MGLG) » Definitions » Total Current Assets

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Address

1370 Hurontario Street, Mississauga, ON, CAN, L5G 3H4

Website

http://www.magellan-energy.com

Magellan Energy Ltd is an oil and gas exploration company. The Company is engaged in the extraction and production of small to medium-sized oil and gas properties.

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