Keyera (TSX:KEY) Cash And Cash Equivalents : C$29 Mil (As of Mar. 2024)

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What is Keyera Cash And Cash Equivalents?

Keyera's quarterly cash and cash equivalents declined from Sep. 2023 (C$42.65 Mil) to Dec. 2023 (C$20.09 Mil) but then increased from Dec. 2023 (C$20.09 Mil) to Mar. 2024 (C$28.87 Mil).

Keyera's annual cash and cash equivalents declined from Dec. 2021 (C$15.94 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$20.09 Mil).

Keyera Cash And Cash Equivalents Historical Data

The historical data trend for Keyera'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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Keyera Cash And Cash Equivalents Chart

Keyera Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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9.31

2.90

15.94

20.09

Keyera 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															16.06	4.38	42.65	20.09	28.87

Keyera 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.

Keyera (TSX:KEY) 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.

Keyera Cash And Cash Equivalents Related Terms

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Keyera (TSX:KEY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Keyera Corp (TSX:KEY) » Definitions » Cash And Cash Equivalents

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KEYUF:USA

Address

144 - 4th Avenue South West, Suite 200, The Ampersand, West Tower, Calgary, AB, CAN, T2P 3N4

Website

https://www.keyera.com

Keyera is a midstream energy business that operates primarily out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 kilometers of pipelines.

Executives

Michael John Crothers

Director