First National Energy (First National Energy) Total Current Assets : $0.03 Mil (As of Sep. 2023)

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What is First National Energy Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. First National Energy's total current assets for the quarter that ended in Sep. 2023 was $0.03 Mil.

First National Energy Total Current Assets Historical Data

The historical data trend for First National 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.

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First National Energy Total Current Assets Chart

First National Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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0.01

0.20

First National Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Dec19	Dec20	Dec21	Sep22	Dec22	Sep23
Total Current Assets	Get a 7-Day Free Trial															-	-	-	0.20	0.03

First National 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.

First National Energy's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.116	+	0.086	+	0	+	0
	=	0.20

First National Energy's Total Current Assets for the quarter that ended in Sep. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.014	+	0.01	+	0	+	0.001
	=	0.03

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.

First National Energy (OTCPK:FNEC) 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.

First National Energy's Liquidation Value for the quarter that ended in Sep. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.014	-	0.844	+	0.75 * 0.01	+	0.5 * 0
=	-0.82

First National Energy Total Current Assets Related Terms

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First National Energy (First National Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » First National Energy Corp (OTCPK:FNEC) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

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Address

C/o Peter Wanner, 44 Greystone Crescent, Suite 200, Georgetown, ON, CAN, L7G 1G9

Website

https://www.firstnationalenergy.com

First National Energy Corp is engaged in the provision of wind-driven solutions for the solar and hybrid power generation market. Its projects include Zero Carbon World, Propulsion Systems, Diesel Group System, and Vertical Axis Wind Turbine. All assets of the business are located in the United States of America.

Executives

Lubi Enterprises Inc.	10 percent owner	1551 SECOND STREET, SARASOTA FL 34236
Gianni Guido Caputo	director, officer: Vice President/Secretary	2000 WEBBER STREET, SUITE 3113, SARASOTA FL 34239
Gregory Dale Sheller	director, officer: CEO/President/Director	2000 WEBBER STREET, #3113, SARASOTA FL 34238
Douglas Warren Lindeblom	director, officer: P,CEO	2000 WEBBER STREET, SUITE 3113, SARASOTA FL 34239
Peter Wanner	director, officer: Treasurer, CFO	SUITE 200, 44 GREYSTONE CRESCENT, GEORGETOWN A6 L7G 1G9

First National Energy (First National Energy) Headlines

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