Tenth Avenue Petroleum (TSXV:TPC) Total Current Assets : C$0.72 Mil (As of Mar. 2024)

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What is Tenth Avenue Petroleum Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Tenth Avenue Petroleum's total current assets for the quarter that ended in Mar. 2024 was C$0.72 Mil.

Tenth Avenue Petroleum Total Current Assets Historical Data

The historical data trend for Tenth Avenue Petroleum'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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Tenth Avenue Petroleum Total Current Assets Chart

Tenth Avenue Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.26

0.21

0.13

1.37

0.84

Tenth Avenue Petroleum 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															1.24	0.92	1.08	0.84	0.72

Tenth Avenue Petroleum 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.

Tenth Avenue Petroleum'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
	=	0.219	+	0.383	+	0	+	0.238
	=	0.84

Tenth Avenue Petroleum'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
	=	0.081	+	0.477	+	0	+	0.161
	=	0.72

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.

Tenth Avenue Petroleum (TSXV:TPC) 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.

Tenth Avenue Petroleum'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)
=	0.081	-	4.033	+	0.75 * 0.284	+	0.5 * 0
=	-3.74

Tenth Avenue Petroleum Total Current Assets Related Terms

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Tenth Avenue Petroleum (TSXV:TPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenth Avenue Petroleum Corp (TSXV:TPC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 - 15th Avenue SW, Suite 2003, Calgary, AB, CAN, T2R 1S4

Website

https://www.tenthavenuepetroleum.com

Tenth Avenue Petroleum Corp is a junior oil and gas exploration, production and development company. It explores and develops petroleum and natural gas properties in Western Canada. The company generates its revenue from the sale of oil, natural gas and NGLs. Its property comprises oil and natural gas assets and water-well assets.

Executives

Fern Macdonald

10% Security Holder