Seafarer Exploration (Seafarer Exploration) Cash, Cash Equivalents, Marketable Securities : $0.49 Mil (As of Mar. 2024)

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What is Seafarer Exploration Cash, Cash Equivalents, Marketable Securities?

Seafarer Exploration's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($0.48 Mil) to Dec. 2023 ($0.61 Mil) but then stayed the same from Dec. 2023 ($0.61 Mil) to Mar. 2024 ($0.49 Mil).

Seafarer Exploration's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($0.08 Mil) to Dec. 2022 ($0.18 Mil) and increased from Dec. 2022 ($0.18 Mil) to Dec. 2023 ($0.61 Mil).

Seafarer Exploration Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Seafarer Exploration's Cash, Cash Equivalents, Marketable Securities 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.

Seafarer Exploration Cash, Cash Equivalents, Marketable Securities Chart

Seafarer Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.62

0.19

0.08

0.18

0.61

Seafarer Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.17	0.06	0.48	0.61	0.49

Seafarer Exploration Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Seafarer Exploration (OTCPK:SFRX) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Seafarer Exploration Cash, Cash Equivalents, Marketable Securities Related Terms

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Seafarer Exploration (Seafarer Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Seafarer Exploration Corp (OTCPK:SFRX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

14497 N. Dale Mabry Highway, Suite 209-N, Tampa, FL, USA, 33618

Website

https://seafarerexplorationcorp.com

Seafarer Exploration Corp is an underwater research, exploration and recovery company. It develops the infrastructure to engage in the archaeologically sensitive exploration and recovery of historic shipwrecks. The company is engaged in the archaeologically sensitive exploration, documentation, and recovery of historic shipwrecks with the objective of exploring and discovering Colonial-era shipwrecks. Its operating segment includes Blockchain LogisTech, LLC and Seafarer Exploration Corp. The company derives a majority of its revenue from Seafarer Exploration Corp.

Executives

Charles Branscum	director	199 JONES DRIVE, BATESVILLE AR 72501
Bradford S Clark	director	1603 STONEHENGE PLACE, LITTLE ROCK AR 72212
Thomas B Soeder	director	1413 MAYESVILLE WAY, THE VILLAGES FL 32162
Robert L. Kennedy	director	41 TIMBERLANE TRAIL, CONWAY AR 72034-3611
Micah James Eldred	10 percent owner	15500 ROOSEVELT BLVD., SUITE 303, CLEARWATER FL 33760
Pelle Ojasu	director	14497 N. DALE MABRY HIGHWAY, SUITE 209N, TAMPA FL 33618
Credo Argentarius, L.l.c.	10 percent owner	17547 HUGH LANE, LAND O LAKES FL 34638
Linda Gail Kennedy	10 percent owner	17547 HUGH LANE, LAND O LAKES FL 34638
Solar Funding Solutions Corp.	10 percent owner	140 ISLAND WAY, NO. 252, CLEARWATER BEACH FL 33767
Seth M Shaw	director, officer: CEO, President	55 W 25 STREET, APT 33A, NEW YORK NY 10010