Noble Group (Noble Group) Total Current Assets : $2,320 Mil (As of Sep. 2018)

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What is Noble Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Noble Group's total current assets for the quarter that ended in Sep. 2018 was $2,320 Mil.

Noble Group Total Current Assets Historical Data

The historical data trend for Noble Group'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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Noble Group Total Current Assets Chart

Noble Group Annual Data

Trend

Dec08

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Dec10

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Dec17

Total Current Assets

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13,696.84

16,097.31

14,595.76

10,170.33

3,747.26

Noble Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Current Assets	Get a 7-Day Free Trial															6,235.82	3,747.26	2,563.33	2,504.83	2,319.99

Noble Group 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.

Noble Group's Total Current Assets for the fiscal year that ended in Dec. 2017 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	492.012	+	665.128	+	166.422	+	2423.701
	=	3,747

Noble Group's Total Current Assets for the quarter that ended in Sep. 2018 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	583.285	+	624.116	+	121.853	+	990.738
	=	2,320

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.

Noble Group (OTCPK:NOBGY) 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.

Noble Group's Liquidation Value for the quarter that ended in Sep. 2018 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	583.285	-	4691.299	+	0.75 * 624.116	+	0.5 * 121.853
=	-3,579

Noble Group Total Current Assets Related Terms

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Noble Group (Noble Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Noble Group Ltd (OTCPK:NOBGY) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

38 Gloucester Road, 18th Floor, Mass Mutual Tower, China Evergrande Centre, Hong Kong, HKG

Website

http://www.thisisnoble.com

Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.

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