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Koil Energy Solutions's quarterly cash and cash equivalents increased from Sep. 2023 ($1.13 Mil) to Dec. 2023 ($2.03 Mil) but then stayed the same from Dec. 2023 ($2.03 Mil) to Mar. 2024 ($1.98 Mil).
Koil Energy Solutions's annual cash and cash equivalents declined from Dec. 2021 ($3.68 Mil) to Dec. 2022 ($2.35 Mil) and declined from Dec. 2022 ($2.35 Mil) to Dec. 2023 ($2.03 Mil).
The historical data trend for Koil Energy Solutions'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.
Koil Energy Solutions Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 3.52 | 3.75 | 3.68 | 2.35 | 2.03 |
Koil Energy Solutions 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 | 1.52 | 2.35 | 1.13 | 2.03 | 1.98 |
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.
Koil Energy Solutions (OTCPK:KLNG) 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.
Thank you for viewing the detailed overview of Koil Energy Solutions's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Trevor L Ashurst | officer: Vice President of Finance | 18511 BEAUMONT HIGHWAY, HOUSTON TX 77049 |
Ronald Eric Smith | director, 10 percent owner, officer: President, CEO and Director | 3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586 |
Micah Thomas Simmons | officer: Chief Operating Officer | 18511 BEAUMONT HIGHWAY, HOUSTON TX 77049 |
Neal I Goldman | director | 170 SOUTHPORT DRIVE, MORRISVILLE NC 27560 |
David J. Douglas | director, 10 percent owner | 3889 MAPLE AVE., 6TH FLOOR, DALLAS TX 75219 |
Charles K Njuguna | officer: CHIEF FINANCIAL OFFICER | PO BOX 1389, CROSBY TX 77532 |
Eugene L Butler | director, officer: Chief Financial Officer | PO BOX 12818, HOUSTON TX 77217 |
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio | 10 percent owner | C/O WELLINGTON TRUST COMPANY, NA, 280 CONGRESS STREET, BOSTON MA 02210 |
Mary Lynne Budrunas | director, 10 percent owner, officer: Secretary & Director | 3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586 |
Mark Carden | director | 18511 BEAUMONT HIGHWAY, HOUSTON TX 77049 |
Randolph W Warner | director | 8827 W. SAM HOUSTON PKWY N, #100, HOUSTON TX 77040 |
Perlus Microcap Fund L.p. | 10 percent owner | CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111 |
Ira Selya | officer: Corporate Controller | 8827 W SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040 |
Gay Stanley Mayeux | officer: VP and CFO | 8827 W. SAM HOUSTON PKWY N., STE 100, HOUSTON TX 77040 |
Mark R Hollinger | director | 8827 W. SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040 |
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