Rompetrol Rafinare S.A. (BSE:RRC) Cash And Cash Equivalents : lei827 Mil (As of Sep. 2023)

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What is Rompetrol Rafinare S.A. Cash And Cash Equivalents?

Rompetrol Rafinare S.A.'s quarterly cash and cash equivalents increased from Mar. 2023 (lei760.97 Mil) to Jun. 2023 (lei936.01 Mil) but then stayed the same from Jun. 2023 (lei936.01 Mil) to Sep. 2023 (lei827.00 Mil).

Rompetrol Rafinare S.A.'s annual cash and cash equivalents declined from Dec. 2020 (lei465.19 Mil) to Dec. 2021 (lei231.50 Mil) and declined from Dec. 2021 (lei231.50 Mil) to Dec. 2022 (lei78.44 Mil).

Rompetrol Rafinare S.A. Cash And Cash Equivalents Historical Data

The historical data trend for Rompetrol Rafinare S.A.'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.

Rompetrol Rafinare S.A. Cash And Cash Equivalents Chart

Rompetrol Rafinare S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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53.04

60.99

465.19

231.50

78.44

Rompetrol Rafinare S.A. Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															422.95	78.44	760.97	936.01	827.00

Rompetrol Rafinare S.A. 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.

Rompetrol Rafinare S.A. (BSE:RRC) 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.

Rompetrol Rafinare S.A. Cash And Cash Equivalents Related Terms

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Rompetrol Rafinare S.A. (BSE:RRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rompetrol Rafinare S.A. (BSE:RRC) » Definitions » Cash And Cash Equivalents

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Address

Navodari Boulevard, no. 215, Administrative Building, Navodari, Constanta, ROU, 905700

Website

http://www.rompetrol-rafinare.ro

Rompetrol Rafinare S.A. is engaged in the Refining and marketing of petrochemical products. It operates Petromidia refinery in the Black Sea coast and Vega refinery in Ploiesti city and engaged in the manufacturing and trading of Petrochemical Products and Refining products. The company's segments include Refining, Petrochemicals, and Marketing. The company products include Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Aviation fuels, Car fuels, Bitumen, and others. The company has all of its operations in Romania and also exports internationally. The majority of the revenue is generated from Romania.