Petro Matad (Petro Matad) Total Current Assets : $9.17 Mil (As of Jun. 2023)

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What is Petro Matad Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Petro Matad's total current assets for the quarter that ended in Jun. 2023 was $9.17 Mil.

Petro Matad Total Current Assets Historical Data

The historical data trend for Petro Matad'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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Petro Matad Total Current Assets Chart

Petro Matad Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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21.70

4.73

1.41

8.63

5.45

Petro Matad Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Current Assets	Get a 7-Day Free Trial															0.76	8.63	7.03	5.45	9.17

Petro Matad 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.

Petro Matad's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.493	+	2.607	+	0.215	+	0.138
	=	5.45

Petro Matad's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	8.387	+	0.346	+	0.218	+	0.215
	=	9.17

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.

Petro Matad (OTCPK:PRTDF) 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.

Petro Matad's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.387	-	0.317	+	0.75 * 0.346	+	0.5 * 0.218
=	8.44

Petro Matad Total Current Assets Related Terms

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Petro Matad (Petro Matad) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Matad Ltd (OTCPK:PRTDF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

MATD:UK HA3:Germany

Address

Victory House, Prospect Hill, Douglas, IMN, IM1 1EQ

Website

https://www.petromatadgroup.com

Petro Matad Ltd is engaged in the exploration, development, and production of oil reserves in Mongolia. The company holds 100% interest in 3 PSC Blocks (IV, V, and XX) totaling more than 60,000 square kilometers and more than 21,000 square kilometers of prospective basins. The company's only geographical segment includes Mongolia.

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