Universal Energy (Universal Energy) Total Current Assets : $0.04 Mil (As of Sep. 2009)

View and export this data going back to 2004. Start your Free Trial

What is Universal Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Universal Energy's total current assets for the quarter that ended in Sep. 2009 was $0.04 Mil.

Universal Energy Total Current Assets Historical Data

The historical data trend for Universal Energy'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.

* Premium members only.

Universal Energy Total Current Assets Chart

Universal Energy Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Total Current Assets

Get a 7-Day Free Trial

0.02

0.50

0.88

0.40

Universal Energy Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Total Current Assets	Get a 7-Day Free Trial															0.06	0.40	0.27	0.20	0.04

Universal Energy 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.

Universal Energy's Total Current Assets for the fiscal year that ended in Dec. 2008 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.083	+	0.116	+	0	+	0.204
	=	0.40

Universal Energy's Total Current Assets for the quarter that ended in Sep. 2009 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.006	+	0.036	+	0	+	0.001
	=	0.04

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.

Universal Energy (OTCPK:UVSE) 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.

Universal Energy's Liquidation Value for the quarter that ended in Sep. 2009 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.006	-	2.353	+	0.75 * 0.036	+	0.5 * 0
=	-2.32

Universal Energy Total Current Assets Related Terms

Thank you for viewing the detailed overview of Universal Energy's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Universal Energy (Universal Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Universal Energy Corp (OTCPK:UVSE) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 International Parkway, Suite 200, Lake Mary, FL, USA, 32746

Website

http://www.universalenergycorp.info

Universal Energy Corp is an independent energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada.

Universal Energy (Universal Energy) Headlines

No Headlines