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Shoal Point Energy (XCNQ:SHP) Total Current Assets : C$0.14 Mil (As of Oct. 2023)


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What is Shoal Point Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Shoal Point Energy's total current assets for the quarter that ended in Oct. 2023 was C$0.14 Mil.


Shoal Point Energy Total Current Assets Historical Data

The historical data trend for Shoal Point 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.

Shoal Point Energy Total Current Assets Chart

Shoal Point Energy Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.38 0.13 0.08 0.07

Shoal Point Energy Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.07 0.15 0.12 0.14

Shoal Point 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.

Shoal Point Energy's Total Current Assets for the fiscal year that ended in Jan. 2023 is calculated as

Shoal Point Energy's Total Current Assets for the quarter that ended in Oct. 2023 is calculated as

* 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.

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.


Shoal Point Energy  (XCNQ:SHP) 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.

Shoal Point Energy's Liquidation Value for the quarter that ended in Oct. 2023 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.061-0.715+0.75 * 0.052+0.5 * 0
=-0.62

* 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.


Shoal Point Energy Total Current Assets Related Terms

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Shoal Point Energy (XCNQ:SHP) Business Description

Traded in Other Exchanges
Address
700 West Pender Street, Suite 203, Vancouver, BC, CAN, V6C 1G8
Shoal Point Energy Ltd is a petroleum exploration and development company. It is in the exploration stage of exploring its oil and natural gas properties. It entered into a farm-in agreement with Shelby Resources LLC to explore and develop Mount Evans oil and gas prospects in Kansas.

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