TXO (TXO Partners LP) Total Current Assets : $54.1 Mil (As of Sep. 2024)

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What is TXO Partners LP Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. TXO Partners LP's total current assets for the quarter that ended in Sep. 2024 was $54.1 Mil.

TXO Partners LP Total Current Assets Historical Data

The historical data trend for TXO Partners LP'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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TXO Partners LP Total Current Assets Chart

TXO Partners LP Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

41.28

57.10

74.03

55.19

TXO Partners LP Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial									52.16	55.19	53.93	117.02	54.13

TXO Partners LP 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.

TXO Partners LP'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
	=	4.505	+	32.226	+	0	+	18.458
	=	55.2

TXO Partners LP's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.846	+	34.999	+	0	+	15.284
	=	54.1

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.

TXO Partners LP (NYSE:TXO) 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.

TXO Partners LP's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.846	-	394.791	+	0.75 * 34.999	+	0.5 * 0
=	-364.7

TXO Partners LP Total Current Assets Related Terms

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TXO Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TXO Partners LP (NYSE:TXO) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.txopartners.com

TXO Partners LP is focused on the acquisition, development, optimization and exploitation of oil, natural gas, and natural gas liquid reserves in North America.

Executives

Bob R Simpson	director, 10 percent owner, officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Keith A Hutton	director, 10 percent owner, officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Global Endowment Management, Lp	10 percent owner	224 W TREMONT AVE, CHARLOTTE NC 28203
Brent W. Clum	director, officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Phillip R Kevil	director, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
King Luther Capital Management Corp	10 percent owner	301 COMMERCE SUITE 1600, FORT WORTH TX 76102
Adams William H Iii	director, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Lkcm Investment Partnership, L.p.	10 percent owner	301 COMMERCE STREET, SUITE 1600, FORT WORTH TX 76102
Lkcm Private Discipline Master Fund, Spc	10 percent owner	PO BOX 309GT, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 00000
King J Luther Jr	director, 10 percent owner, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Scott T. Agosta	officer: See Remarks, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Richard Jacob Settle	director, other: See Remarks	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102