PGS ASA (PGS ASA) Total Current Assets : $572.5 Mil (As of Dec. 2023)

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What is PGS ASA Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. PGS ASA's total current assets for the quarter that ended in Dec. 2023 was $572.5 Mil.

PGS ASA Total Current Assets Historical Data

The historical data trend for PGS ASA'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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PGS ASA Total Current Assets Chart

PGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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426.10

409.60

433.00

751.40

572.50

PGS ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															751.40	494.40	461.10	541.60	572.50

PGS ASA 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.

PGS ASA'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
	=	177.7	+	173.1	+	31.1	+	190.6
	=	572.5

PGS ASA's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	177.7	+	173.1	+	31.1	+	190.6
	=	572.5

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.

PGS ASA (OTCPK:PGSVY) 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.

PGS ASA's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	177.7	-	1288.9	+	0.75 * 173.1	+	0.5 * 31.1
=	-965.8

PGS ASA Total Current Assets Related Terms

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PGS ASA (PGS ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PGS ASA (OTCPK:PGSVY) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

PGEJF:USA PGSo:Sweden PGS:Norway PGSo:UK 0MHR:UK PGS1:Germany

Address

Lilleakerveien 4C, Oslo, NOR, 0283

Website

https://www.pgs.com

PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.

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