Blue Star Helium (Blue Star Helium) Cash And Cash Equivalents : $4.60 Mil (As of Dec. 2023)

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What is Blue Star Helium Cash And Cash Equivalents?

Blue Star Helium's quarterly cash and cash equivalents declined from Dec. 2022 ($4.61 Mil) to Jun. 2023 ($2.57 Mil) but then increased from Jun. 2023 ($2.57 Mil) to Dec. 2023 ($4.60 Mil).

Blue Star Helium's annual cash and cash equivalents declined from Dec. 2021 ($11.18 Mil) to Dec. 2022 ($4.61 Mil) and declined from Dec. 2022 ($4.61 Mil) to Dec. 2023 ($4.60 Mil).

Blue Star Helium Cash And Cash Equivalents Historical Data

The historical data trend for Blue Star Helium'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.

* Premium members only.

Blue Star Helium Cash And Cash Equivalents Chart

Blue Star Helium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.78

3.70

11.18

4.61

4.60

Blue Star Helium 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															11.18	7.56	4.61	2.57	4.60

Blue Star Helium 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.

Blue Star Helium (OTCPK:BSNLF) 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.

Blue Star Helium Cash And Cash Equivalents Related Terms

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Blue Star Helium (Blue Star Helium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blue Star Helium Ltd (OTCPK:BSNLF) » Definitions » Cash And Cash Equivalents

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BNL:Australia

Address

194 Hay Street, Subiaco, WA, AUS, 6008

Website

https://www.bluestarhelium.com

Blue Star Helium Ltd is engaged in oil and gas (helium) production, exploration, and development. Its assets are spread in United States. The company provides its shareholders with exposure to multiple high-value helium projects and conventional oil assets in North America. the Company is organized into one operating segment, which involves helium including oil and gas exploration, development and production in the USA.

Blue Star Helium (Blue Star Helium) Headlines

From GuruFocus

Initial plan of development completed for Blue Star's world-class Las Animas helium project

By PRNewswire PRNewswire • 12-19-2022

Blue Star Development Underway for Helium Sales

By ACCESSWIRE ACCESSWIRE • 12-20-2022

Blue Star Helium Ltd Accelerates Colorado Drilling Development

By ACCESSWIRE ACCESSWIRE • 12-15-2022

Voyager Helium Production Agreement Executed

By ACCESSWIRE • 07-04-2023

Blue Star on track for first helium production and sales from Voyager in Q4 CY2023

By PRNewswire PRNewswire • 05-22-2023