CoJax Oil & Gas (CoJax Oil & Gas) Total Current Assets : $0.26 Mil (As of Mar. 2024)

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What is CoJax Oil & Gas Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. CoJax Oil & Gas's total current assets for the quarter that ended in Mar. 2024 was $0.26 Mil.

CoJax Oil & Gas Total Current Assets Historical Data

The historical data trend for CoJax Oil & Gas'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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CoJax Oil & Gas Total Current Assets Chart

CoJax Oil & Gas Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.03

0.04

0.10

0.09

0.28

CoJax Oil & Gas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															0.25	0.30	0.45	0.28	0.26

CoJax Oil & Gas 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.

CoJax Oil & Gas'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
	=	0.076	+	0.205	+	0	+	5.5511151231258E-17
	=	0.28

CoJax Oil & Gas'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
	=	0.069	+	0.177	+	0	+	0.01
	=	0.26

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.

CoJax Oil & Gas (OTCPK:CJAX) 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.

CoJax Oil & Gas'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)
=	0.069	-	1.415	+	0.75 * 0.177	+	0.5 * 0
=	-1.21

CoJax Oil & Gas Total Current Assets Related Terms

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CoJax Oil & Gas (CoJax Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CoJax Oil & Gas Corp (OTCPK:CJAX) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3033 Wilson Boulevard, Suite E-605, Arlington, VA, USA, 22201

Website

https://www.cojaxoilandgas.com

CoJax Oil & Gas Corp is an oil and gas exploration and production company, with producing assets in Southwest Alabama. It is engaged in the acquisition and development of lower risk onshore oil and gas producing properties within the Southeastern United States.

Executives

Allan Bradley	director	539 JARVIS STREET, SUITE M2, TORONTO Z4 M4Y 2H7
Jeffrey J Guzy	director, 10 percent owner, officer: Chief Executive Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
William Barrett Wellman	10 percent owner, officer: Chief Financial Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
Roger Allums Mcleod	10 percent owner	1050 WOODLAND HILLS DRIVE, LAUREL MS 39440
Rosswood Capital, Llc	10 percent owner	1310 HOMEWOOD DRIVE, LAUREL MS 39440
Peter Biglane	10 percent owner	1310 HOMEWOOD DR., LAUREL MS 39440
Cojax Oil & Gas Corp	director, 10 percent owner, officer: Executive Chairman	3033 WILSON BLVD, SUITE E-605, ARLINGTON VA 22201

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