Source Rock Royalties (TSXV:SRR) Cash And Cash Equivalents : C$1.46 Mil (As of Dec. 2023)

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What is Source Rock Royalties Cash And Cash Equivalents?

Source Rock Royalties's quarterly cash and cash equivalents increased from Jun. 2023 (C$7.72 Mil) to Sep. 2023 (C$8.42 Mil) but then stayed the same from Sep. 2023 (C$8.42 Mil) to Dec. 2023 (C$1.46 Mil).

Source Rock Royalties's annual cash and cash equivalents increased from Dec. 2021 (C$1.49 Mil) to Dec. 2022 (C$13.15 Mil) but then declined from Dec. 2022 (C$13.15 Mil) to Dec. 2023 (C$1.46 Mil).

Source Rock Royalties Cash And Cash Equivalents Historical Data

The historical data trend for Source Rock Royalties'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.

Source Rock Royalties Cash And Cash Equivalents Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.91

1.49

13.15

1.46

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial								13.15	11.37	7.72	8.42	1.46

Source Rock Royalties 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.

Source Rock Royalties (TSXV:SRR) 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.

Source Rock Royalties Cash And Cash Equivalents Related Terms

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Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

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