Current Assets
Total Current Assets
Empire Petroleum Total Current Assets decreased by 1.7% to $2.71B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.0%, from $2.58B to $2.71B. Over 5 years (FY 2020 to FY 2025), Total Current Assets shows a downward trend with a -3.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026
How to read this metric
A higher value relative to current liabilities indicates a strong safety margin for meeting short-term obligations.
Detailed definition
The sum of all assets that are reasonably expected to be converted into cash or consumed within one year. This aggregate...
Peer comparison
High-growth tech companies often maintain high current asset levels to support rapid scaling and R&D needs.
Metric ID:
total_current_assetsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.28B | $2.69B | $3.83B | $3.03B | $3.61B | $3.82B | $3.80B | $2.70B | $2.72B | $2.43B | $2.54B | $2.31B | $2.19B | $2.18B | $2.52B | $2.58B | $2.49B | $2.43B | $2.75B | $2.71B |
| QoQ Change | — | -37.3% | +42.6% | -20.8% | +19.0% | +5.8% | -0.4% | -29.1% | +0.8% | -10.5% | +4.5% | -9.2% | -5.1% | -0.6% | +15.8% | +2.3% | -3.6% | -2.4% | +13.5% | -1.7% |
| YoY Change | — | — | — | — | -15.8% | +42.2% | -0.7% | -11.1% | -24.7% | -36.3% | -33.2% | -14.4% | -19.4% | -10.5% | -0.8% | +11.8% | +13.5% | +11.4% | +9.2% | +5.0% |
Range$2.18B – $4.28B
CAGR-9.2%
Avg YoY Growth-4.6%
Median YoY Growth-5.7%
Total Current Assets at Other Companies
Frequently Asked Questions
- What is Empire Petroleum's total current assets?
- Empire Petroleum (EP) reported total current assets of $2.71B in Q1 2026.
- How has Empire Petroleum's total current assets changed year-over-year?
- Empire Petroleum's total current assets increased by 5.0% year-over-year, from $2.58B to $2.71B.
- What is the long-term trend for Empire Petroleum's total current assets?
- Over 5 years (2020 to 2025), Empire Petroleum's total current assets has grown at a -3.0% compound annual growth rate (CAGR), from $3.20B to $2.75B.
- What does total current assets mean?
- Everything the company owns that can be turned into cash within a single year.