Titan Oil & Gas (Titan Oil & Gas) Total Current Assets : $0.03 Mil (As of May. 2013)

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What is Titan Oil & Gas Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Titan Oil & Gas's total current assets for the quarter that ended in May. 2013 was $0.03 Mil.

Titan Oil & Gas Total Current Assets Historical Data

The historical data trend for Titan Oil & Gas'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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Titan Oil & Gas Total Current Assets Chart

Titan Oil & Gas Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Total Current Assets

0.01

0.09

0.24

0.08

Titan Oil & Gas Quarterly Data
	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13
Total Current Assets	Get a 7-Day Free Trial														0.12	0.08	0.07	0.02	0.03

Titan Oil & Gas 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.

Titan Oil & Gas's Total Current Assets for the fiscal year that ended in Aug. 2012 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.061	+	0.011	+	0	+	0.012
	=	0.08

Titan Oil & Gas's Total Current Assets for the quarter that ended in May. 2013 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.022	+	0.009	+	0	+	0.002
	=	0.03

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.

Titan Oil & Gas (GREY:TNGS) 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.

Titan Oil & Gas's Liquidation Value for the quarter that ended in May. 2013 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.022	-	0.055	+	0.75 * 0.009	+	0.5 * 0
=	-0.03

Titan Oil & Gas Total Current Assets Related Terms

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Titan Oil & Gas (Titan Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Titan Oil & Gas Inc (GREY:TNGS) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

7251 West Lake Mead Boulevard, Suite 300, Las Vegas, NV, USA, 89128

Website

http://www.titanoilgas.com

Titan Oil & Gas Inc is an is an exploration stage company. It is engaged in the acquisition, exploration and development of oil and gas properties.

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