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Riley Exploration Permian's quarterly cash and cash equivalents declined from Dec. 2023 ($15.32 Mil) to Mar. 2024 ($6.56 Mil) but then increased from Mar. 2024 ($6.56 Mil) to Jun. 2024 ($10.91 Mil).
Riley Exploration Permian's annual cash and cash equivalents declined from Sep. 2021 ($17.07 Mil) to Dec. 2022 ($13.30 Mil) but then increased from Dec. 2022 ($13.30 Mil) to Dec. 2023 ($15.32 Mil).
The historical data trend for Riley Exploration Permian'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.
Riley Exploration Permian Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Sep21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 3.06 | 1.56 | 17.07 | 13.30 | 15.32 |
Riley Exploration Permian Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 6.74 | 10.37 | 15.32 | 6.56 | 10.91 |
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.
Riley Exploration Permian (AMEX:REPX) 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 Riley Exploration Permian's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Bobby Riley | director, officer: CHIEF EXECUTIVE OFFICER | 29 EAST RENO, SUITE 500, OKLAHOMA CITY OK 73104 |
Riley Corey Neil | officer: EVP BUSINESS INTELLIGENCE | 4430 CRITTENDEN DRIVE, NORMAN OK 73072 |
Bryan H Lawrence | director | C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201 |
Riley Exploration Group, Llc | 10 percent owner | 2008 NORTH COUNCIL AVE, BLANCHARD OK 73010 |
Bluescape Energy Recapitalization & Restructuring Fund Iii Lp | 10 percent owner | 200 CRESCENT COURT, STE. 1900, DALLAS TX 75201 |
Alvin Gerald Libin | 10 percent owner | 3200 255 5TH AVENUE SW, CALGARY A0 T2P 3G6 |
Kevin Riley | officer: PRESIDENT | 29 EAST RENO, SUITE 500, OKLAHOMA CITY OK 73104 |
E Wayne Nordberg | director | C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170 |
Brent Alexander Arriaga | director | 12330 BROKEN BOUGH DR, HOUSTON TX 77024 |
Philip A Riley | officer: EVP STRATEGY | 919 MILAM STREET, SUITE 550, HOUSTON TX 77005 |
Rebecca L Bayless | director | 18 MAYMONT WAY, THE WOODLANDS TX 77382 |
Balmon Investments Ltd. | 10 percent owner | 3200 255 5TH AVENUE SW, CALGARY A0 T2P 3G6 |
Estate Of Antonie Vandenbrink | 10 percent owner | 59 BELAIRE PLACE SW, CALGARY A0 T2V2C3 |
Di Santo Beth A | director | 170 CHRISTOPHER STREET, NEW YORK NY 10014 |
Amber Bonney | officer: Chief Accounting Officer | 914 N. BROADWAY, SUITE 230, OKLAHOMA CITY OK 73102 |
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