Western Energy Services (TSX:WRG) Total Current Assets : C$54.7 Mil (As of Mar. 2024)

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What is Western Energy Services Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Western Energy Services's total current assets for the quarter that ended in Mar. 2024 was C$54.7 Mil.

Western Energy Services Total Current Assets Historical Data

The historical data trend for Western Energy Services'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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Western Energy Services Total Current Assets Chart

Western Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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39.43

43.50

40.35

61.54

50.73

Western Energy Services 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															74.31	52.57	51.05	50.73	54.66

Western Energy Services 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.

Western Energy Services'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
	=	5.93	+	37.841	+	3.579	+	3.384
	=	50.7

Western Energy Services'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
	=	3.419	+	44.57	+	3.601	+	3.07
	=	54.7

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.

Western Energy Services (TSX:WRG) 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.

Western Energy Services'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)
=	3.419	-	142.422	+	0.75 * 44.419	+	0.5 * 3.601
=	-103.9

Western Energy Services Total Current Assets Related Terms

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Western Energy Services (TSX:WRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Energy Services Corp (TSX:WRG) » Definitions » Total Current Assets

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Traded in Other Exchanges

WEEEF:USA

Address

215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3

Website

https://www.wesc.ca

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.

Executives

Sime Armoyan	10% Security Holder
Tomer Cohen	Director

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