Northern Drilling (OSL:NODL) Total Current Assets : kr2,043.68 Mil (As of Jun. 2023)

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What is Northern Drilling Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Northern Drilling's total current assets for the quarter that ended in Jun. 2023 was kr2,043.68 Mil.

Northern Drilling Total Current Assets Historical Data

The historical data trend for Northern Drilling'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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Northern Drilling Total Current Assets Chart

Northern Drilling Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Current Assets

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1,081.98

1,094.15

168.24

103.01

51.97

Northern Drilling Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Current Assets	Get a 7-Day Free Trial						125.50	103.01	86.09	51.97	2,043.68

Northern Drilling 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.

Northern Drilling's Total Current Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	18.95	+	0	+	0	+	33.019
	=	51.97

Northern Drilling's Total Current Assets for the quarter that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	10.753	+	1943.352	+	0	+	89.578
	=	2,043.68

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.

Northern Drilling (OSL:NODL) 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.

Northern Drilling's Liquidation Value for the quarter that ended in Jun. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	10.753	-	15.363	+	0.75 * 0	+	0.5 * 0
=	-4.61

Northern Drilling Total Current Assets Related Terms

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Northern Drilling (OSL:NODL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Drilling Ltd (OSL:NODL) » Definitions » Total Current Assets

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NODLo:Sweden

Address

14 Par La Ville Road, Par La Ville Place, Hamilton, BMU, HM08

Website

https://www.northerndrillingltd.com

Northern Drilling Ltd is an international drilling contractor for the oil and gas industry, with the ambition of acquiring and operating modern drilling assets, and is expected to be primarily engaged in offshore contract drilling in ultra-deepwater environments. West Aquila and West Libra are some of its major sophisticated high-end drilling units.

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