HNR Acquisition (HNR Acquisition) Total Current Assets : $6.24 Mil (As of Mar. 2024)

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What is HNR Acquisition Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. HNR Acquisition's total current assets for the quarter that ended in Mar. 2024 was $6.24 Mil.

HNR Acquisition Total Current Assets Historical Data

The historical data trend for HNR Acquisition'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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HNR Acquisition Total Current Assets Chart

HNR Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Current Assets

0.03

0.34

5.48

6.81

HNR Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial									0.11	0.81	0.69	6.81	6.24

HNR Acquisition 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.

HNR Acquisition'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
	=	3.505	+	2.194	+	0	+	1.113
	=	6.81

HNR Acquisition's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.363	+	2.217	+	0	+	0.663
	=	6.24

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.

HNR Acquisition (AMEX:HNRA) 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.

HNR Acquisition's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.363	-	74.251	+	0.75 * 2.214	+	0.5 * 0
=	-69.23

HNR Acquisition Total Current Assets Related Terms

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HNR Acquisition (HNR Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HNR Acquisition Corp (AMEX:HNRA) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098

Website

https://www.hnra-nyse.com

HNR Acquisition Corp is a blank check company.

Executives

Donald Goree	director, officer: Chief Executive Officer	101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Salvucci Joseph V Jr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Sr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald W Orr	director, officer: President	3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098