Prairie Provident Resources (Prairie Provident Resources) Total Current Assets : $9.82 Mil (As of Mar. 2024)

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What is Prairie Provident Resources Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Prairie Provident Resources's total current assets for the quarter that ended in Mar. 2024 was $9.82 Mil.

Prairie Provident Resources Total Current Assets Historical Data

The historical data trend for Prairie Provident Resources'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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Prairie Provident Resources Total Current Assets Chart

Prairie Provident Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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15.73

16.24

15.32

18.84

49.48

Prairie Provident Resources 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															17.72	12.46	13.75	49.48	9.82

Prairie Provident Resources 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.

Prairie Provident Resources'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
	=	1.368	+	4.914	+	0	+	43.201
	=	49.48

Prairie Provident Resources'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
	=	1.277	+	3.151	+	0	+	5.387
	=	9.82

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.

Prairie Provident Resources (OTCPK:PRPRF) 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.

Prairie Provident Resources'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)
=	1.277	-	117.756	+	0.75 * 3.151	+	0.5 * 0
=	-114.12

Prairie Provident Resources Total Current Assets Related Terms

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Prairie Provident Resources (Prairie Provident Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prairie Provident Resources Inc (OTCPK:PRPRF) » Definitions » Total Current Assets

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09N:Germany PPR:Canada

Address

1100, 640 - 5th Avenue SW, Calgary, AB, CAN, T2P 3G4

Website

https://www.ppr.ca

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company's operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.