California Resources (FRA:1CLD) Cash And Cash Equivalents : €371 Mil (As of Mar. 2024)

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What is California Resources Cash And Cash Equivalents?

California Resources's quarterly cash and cash equivalents increased from Sep. 2023 (€448.82 Mil) to Dec. 2023 (€454.83 Mil) but then stayed the same from Dec. 2023 (€454.83 Mil) to Mar. 2024 (€370.76 Mil).

California Resources's annual cash and cash equivalents increased from Dec. 2021 (€269.93 Mil) to Dec. 2022 (€289.81 Mil) and increased from Dec. 2022 (€289.81 Mil) to Dec. 2023 (€454.83 Mil).

California Resources Cash And Cash Equivalents Historical Data

The historical data trend for California Resources'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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California Resources Cash And Cash Equivalents Chart

California Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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15.30

23.02

269.93

289.81

454.83

California Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															445.52	413.50	448.82	454.83	370.76

California Resources 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.

California Resources (FRA:1CLD) 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.

California Resources Cash And Cash Equivalents Related Terms

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California Resources (FRA:1CLD) Business Description

Industry

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CRC:USA

Address

1 World Trade Center, Suite 1500, Long Beach, CA, USA, 90831

Website

https://www.crc.com

California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. CRC has a large portfolio of lower-risk conventional opportunities in the following California oil and gas basins: San Joaquin, Los Angeles, Ventura, and Sacramento.

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