EnQuest (LSE:ENQ) Total Current Assets : £585 Mil (As of Dec. 2023)

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What is EnQuest Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. EnQuest's total current assets for the quarter that ended in Dec. 2023 was £585 Mil.

EnQuest Total Current Assets Historical Data

The historical data trend for EnQuest'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.

EnQuest Total Current Assets Chart

EnQuest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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448.40

302.76

495.26

542.34

584.53

EnQuest Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial															495.26	628.86	542.34	507.56	584.53

EnQuest 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.

EnQuest'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
	=	247.292	+	259.292	+	66.99	+	10.959
	=	585

EnQuest's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	247.292	+	259.292	+	66.99	+	10.959
	=	585

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.

EnQuest (LSE:ENQ) 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.

EnQuest's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	247.292	-	2614.153	+	0.75 * 25.205	+	0.5 * 66.99
=	-2,314

EnQuest Total Current Assets Related Terms

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EnQuest (LSE:ENQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnQuest PLC (LSE:ENQ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

ENQUF:USA ENQl:UK 3EQ:Germany

Address

5-11 Regent Street, 2 nd Floor, Charles House, London, GBR, SW1Y 4LR

Website

https://www.enquest.com

EnQuest PLC is a UK independent producer of oil and gas. The principal activities of the company and its subsidiaries are the exploration for, and extraction and production of, hydrocarbons in the UK Continental Shelf and Malaysia. It focuses on maturing assets and undeveloped oil fields. Its geographical segments include the North Sea and Malaysia. The company generates maximum revenue from the North Sea.

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