Energy Services of America (Energy Services of America) Cash, Cash Equivalents, Marketable Securities : $12.1 Mil (As of Mar. 2024)

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What is Energy Services of America Cash, Cash Equivalents, Marketable Securities?

Energy Services of America's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($16.43 Mil) to Dec. 2023 ($11.26 Mil) but then increased from Dec. 2023 ($11.26 Mil) to Mar. 2024 ($12.09 Mil).

Energy Services of America's annual cash, cash equivalents, marketable securities declined from Sep. 2021 ($8.23 Mil) to Sep. 2022 ($7.43 Mil) but then increased from Sep. 2022 ($7.43 Mil) to Sep. 2023 ($16.43 Mil).

Energy Services of America Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Energy Services of America's Cash, Cash Equivalents, Marketable Securities 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.

Energy Services of America Cash, Cash Equivalents, Marketable Securities Chart

Energy Services of America Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

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4.58

11.22

8.23

7.43

16.43

Energy Services of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															11.60	9.04	16.43	11.26	12.09

Energy Services of America Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Energy Services of America (NAS:ESOA) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Energy Services of America Cash, Cash Equivalents, Marketable Securities Related Terms

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Energy Services of America (Energy Services of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Energy Services of America Corp (NAS:ESOA) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

75 West 3rd Avenue, Huntington, WV, USA, 25701

Website

https://www.energyservicesofamerica.com

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is predominantly engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical, and automotive industries and does incidental work such as water and sewer projects. Energy Service's other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services, and other services related to pipeline construction.

Executives

Frank S Lucente	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Douglas V Reynolds	10 percent owner	900 OLD FREEPORT ROAD, PITTSBURGH PA 15238
Patrick J Farrell	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Marshall T Reynolds	director, 10 percent owner, officer: Chairman, CEO and Secretary	2450 FIRST AVENUE, HUNTINGTON WV 25704
Mark Prince	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Joseph L Williams	director	2450 FIRST AVENUE, HUNTINGTON WV 25703
Brian Pratt	10 percent owner	5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225
Amy E Abraham	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Riddle Robert Neil Jr	officer: Chief Operating Officer	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Samuel G Kapourales	director	C/O ENERGY SERVICES OF AMERICA CORP., 75 WEST 3RD AVE., HUNTINGTON WV 25701
Bruce H. Elliott	director	100 INDUSTRIAL LANE, HUNTINGTON WV 25702
Daniel Mannes	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Keith F Molihan	director	533 TOWNSHIP RAOD 1185, IRONTON OH 45638
Charles Abraham	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Nester S Logan	director	823 EIGHTH STREET, HUNTINGTON WV 25701