Boomerang Oil (XCNQ:BOI) Total Current Assets : C$0.01 Mil (As of Jun. 2015)

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What is Boomerang Oil Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Boomerang Oil's total current assets for the quarter that ended in Jun. 2015 was C$0.01 Mil.

Boomerang Oil Total Current Assets Historical Data

The historical data trend for Boomerang Oil'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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Boomerang Oil Total Current Assets Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

Total Current Assets

0.03

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Total Current Assets	Get a 7-Day Free Trial										0.02	0.03	0.03	0.04	0.01

Boomerang Oil 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.

Boomerang Oil's Total Current Assets for the fiscal year that ended in Sep. 2014 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.001	+	0.026	+	0	+	0
	=	0.03

Boomerang Oil's Total Current Assets for the quarter that ended in Jun. 2015 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.01	+	0.001	+	0	+	0
	=	0.01

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.

Boomerang Oil (XCNQ:BOI) 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.

Boomerang Oil's Liquidation Value for the quarter that ended in Jun. 2015 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.01	-	1.279	+	0.75 * 0	+	0.5 * 0
=	-1.27

Boomerang Oil Total Current Assets Related Terms

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Boomerang Oil (XCNQ:BOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boomerang Oil Inc (XCNQ:BOI) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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