Empire Energy Group (ASX:EEG) Cash And Cash Equivalents : A$13.63 Mil (As of Dec. 2023)

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What is Empire Energy Group Cash And Cash Equivalents?

Empire Energy Group's quarterly cash and cash equivalents declined from Dec. 2022 (A$21.88 Mil) to Jun. 2023 (A$19.62 Mil) but then stayed the same from Jun. 2023 (A$19.62 Mil) to Dec. 2023 (A$13.63 Mil).

Empire Energy Group's annual cash and cash equivalents declined from Dec. 2021 (A$25.65 Mil) to Dec. 2022 (A$21.88 Mil) and declined from Dec. 2022 (A$21.88 Mil) to Dec. 2023 (A$13.63 Mil).

Empire Energy Group Cash And Cash Equivalents Historical Data

The historical data trend for Empire Energy Group's Cash And Cash Equivalents 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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Empire Energy Group Cash And Cash Equivalents Chart

Empire Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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14.12

14.15

25.65

21.88

13.63

Empire Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															25.65	44.78	21.88	19.62	13.63

Empire Energy Group Cash And Cash Equivalents 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.

Empire Energy Group (ASX:EEG) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Empire Energy Group Cash And Cash Equivalents Related Terms

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Empire Energy Group (ASX:EEG) Business Description

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EEGUF:USA

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

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