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Norris Industries (Norris Industries) Total Current Assets : $0.07 Mil (As of Feb. 2024)


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What is Norris Industries Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Norris Industries's total current assets for the quarter that ended in Feb. 2024 was $0.07 Mil.

Norris Industries Total Current Assets Historical Data

The historical data trend for Norris Industries'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.

Norris Industries Total Current Assets Chart

Norris Industries Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.19 0.21 0.18 0.07

Norris Industries Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.18 0.08 0.13 0.06 0.07

Norris Industries 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.

Norris Industries's Total Current Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.054+0.017+0+-1.3877787807814E-17
=0.07

Norris Industries's Total Current Assets for the quarter that ended in Feb. 2024 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.054+0.017+0+-1.3877787807814E-17
=0.07

* 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.

Norris Industries  (OTCPK:NRIS) 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.

Norris Industries's Liquidation Value for the quarter that ended in Feb. 2024 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.054-5.392+0.75 * 0.017+0.5 * 0
=-5.33

* 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.

Norris Industries Total Current Assets Related Terms

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Norris Industries (Norris Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norris Industries Inc (OTCPK:NRIS) » Definitions » Total Current Assets
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Traded in Other Exchanges
N/A
Address
102 Palo Pinto Street, Suite B, Weatherford, TX, USA, 76086
Website
http://www.iwpetroleum.com
Norris Industries Inc is an oil and gas exploration company managed by business and oil and gas exploration veterans specializing in the oil and gas acquisition and exploration markets of the Central West Texas region. The company is engaged in the acquisition, development, and exploration of crude oil and natural gas properties. Its projects include Dawson in Permian Basin, Bend Arch Tiger in Central West Texas, Guadalupe in South Texas, Bend Arch Lion 1A, and Bend Arch Lion 1B in Central West Texas, and Marshall Walden in East Texas.
Executives
Patrick L. Norris director, 10 percent owner, officer: CEO, Pres, Sec, Treasurer 409 TERRELL CRT, NEW IBERIA LA 90563
Ross Henry Ramsey director, officer: President, CEO, CFO 401 BOYD DR #3116, GRAPEVINE TX 76051
Benjamin B Tran director 49 MONTEREY PINE DR., NEWPORT COAST CA 92657

Norris Industries (Norris Industries) Headlines

From GuruFocus

Norris Industries Releases Shareholder Update with Expansion Plan

By Marketwired Marketwired • 07-24-2019