NRIS (Norris Industries) Total Current Assets: $0.07 Mil (As of Feb. 2026)

What is Norris Industries Total Current Assets?

Norris Industries NRIS -45.38% 11 Total Current Assets is $0.07 Mil as of Feb. 2026. GuruFocus rates NRIS with a GF Score™ of 11/100 and a GF Value™ of $0.04 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Norris Industries's total current assets for the quarter that ended in Feb. 2026 was $0.07 Mil.

Norris Industries (OTCPK:NRIS) 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.

Norris Industries's Liquidation Value for the quarter that ended in Feb. 2026 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.045	-	5.101	+	0.75 * 0.024	+	0.5 * 0
=	-5.04

* 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.

Norris Industries Total Current Assets Related Terms

Norris Industries Total Current Assets Historical Data

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The historical data trend for Norris Industries's Total Current Assets can be seen below:

Norris Industries Total Current Assets Chart

Norris Industries Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

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Feb23

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Feb26

Total Current Assets

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0.21

0.18

0.07

0.11

0.07

Norris Industries Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Total Current Assets	Get a 7-Day Free Trial															0.11	0.10	0.06	0.14	0.07

11GF Score

Norris Industries Inc NRIS

Total Current Assets is just one metric. See GF Score™, valuation, warning signs, and more.

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Norris Industries 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.

Norris Industries's Total Current Assets for the fiscal year that ended in Feb. 2026 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.045	+	0.024	+	0	+	0
	=	0.07

Norris Industries's Total Current Assets for the quarter that ended in Feb. 2026 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.045	+	0.024	+	0	+	0
	=	0.07

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 $0.07 Mil mean?

Norris Industries (NRIS) has a Total Current Assets of $0.07 Mil as of Feb. 2026. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Norris Industries and its competitors.

Is Norris Industries' Total Current Assets too high?

Norris Industries' current Total Current Assets is $0.07 Mil. Overall, Norris Industries has a GF Score™ of 11/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Norris Industries' Total Current Assets compare to BRN and MXC?

Norris Industries' Total Current Assets of $0.07 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 Norris Industries and its competitors. Norris Industries's current Total Current Assets is $0.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Norris Industries stock overvalued right now?

Based on GuruFocus' analysis, Norris Industries (NRIS) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.04, compared to a current price of $0.13 — trading 227.8% above its estimated fair value. The current Total Current Assets is $0.07 Mil. Norris Industries' overall GF Score™ is 11/100 with 6 warning signs to review. 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 Norris Industries (NRIS), the current Total Current Assets is $0.07 Mil as of Feb. 2026. 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.

Is Norris Industries (NRIS) Overvalued in 2026?

Based on GuruFocus' analysis, Norris Industries stock appears to be overvalued. The current stock price of $0.13 is trading 227.8% above its estimated GF Value™ of $0.04. GuruFocus considers Norris Industries to be Significantly Overvalued.

Key valuation signals for NRIS:

Total Current Assets: $0.07 Mil
GF Value™: $0.04 vs. price of $0.13 (227.8% above fair value)
GF Score™: 11/100 with 6 warning signs

No single metric tells the full story. See the NRIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Norris Industries Business Description

Industry Energy Oil & Gas

Comparable Companies BRN MXC TPET GULTU MVO ROYL PGNYF HGTXU OKMN MTR HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT

Address 102 Palo Pinto Street, Suite B, Weatherford, TX, USA, 76086

Website http://www.iwpetroleum.com

Norris Industries Inc is an oil and gas exploration company managed by business and oil and gas exploration veterans specializing in the oil and gas acquisition and exploration markets of the Central West Texas region. The company is engaged in the acquisition, development, and exploration of crude oil and natural gas properties. Its projects include Dawson in Permian Basin, Bend Arch Tiger in Central West Texas, Guadalupe in South Texas, Bend Arch Lion 1A, Bend Arch Lion 1B in Central West Texas, and Marshall Walden in East Texas.

11GF Score

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Total Current Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.13

Price

$0.04

GF Value

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