Nine Energy Service (Nine Energy Service) Total Current Assets : $167.7 Mil (As of Mar. 2024)

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What is Nine Energy Service Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nine Energy Service's total current assets for the quarter that ended in Mar. 2024 was $167.7 Mil.

Nine Energy Service Total Current Assets Historical Data

The historical data trend for Nine Energy Service'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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Nine Energy Service Total Current Assets Chart

Nine Energy Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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268.92

166.16

139.30

196.73

183.63

Nine Energy Service 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															196.20	207.96	162.54	183.63	167.69

Nine Energy Service 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.

Nine Energy Service'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
	=	30.84	+	88.939	+	54.486	+	9.368
	=	183.6

Nine Energy Service'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
	=	10.237	+	91.312	+	56.34	+	9.798
	=	167.7

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.

Nine Energy Service (NYSE:NINE) 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.

Nine Energy Service'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)
=	10.237	-	423.724	+	0.75 * 90.968	+	0.5 * 56.34
=	-317.1

Nine Energy Service Total Current Assets Related Terms

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Nine Energy Service (Nine Energy Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nine Energy Service Inc (NYSE:NINE) » Definitions » Total Current Assets

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NEJ:Germany

Address

2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019

Website

https://www.nineenergyservice.com

Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States.

Executives

David Crombie	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Theodore R. Moore	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Ann G Fox	director, officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Guy Sirkes	officer: SVP and CFO	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
S. Brett Luz	officer: Chief Accounting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Darryl Keith Willis	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Warren Lynn Frazier	10 percent owner	5655 BEAR LANE, SUITE 100, CORPUS CHRISTI TX 78405
Clinton Roeder	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Scf Gp Llc	10 percent owner	600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Richard S. Woolston	officer: Chief Accounting Officer	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Edward Bruce Morgan	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Gary L Thomas	director	P O BOX 4362, HOUSTON TX 772104362
Scf-vii(a), G.p., Limited Partnership	10 percent owner	600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Scf-vii(a), L.p.	10 percent owner	600 TRAVIS ST., STE. 6600, HOUSTON TX 77002
Curtis F. Harrell	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019