Select Water Solutions (Select Water Solutions) Cash And Cash Equivalents : $13 Mil (As of Mar. 2024)

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What is Select Water Solutions Cash And Cash Equivalents?

Select Water Solutions's quarterly cash and cash equivalents increased from Sep. 2023 ($25.04 Mil) to Dec. 2023 ($57.08 Mil) but then stayed the same from Dec. 2023 ($57.08 Mil) to Mar. 2024 ($12.75 Mil).

Select Water Solutions's annual cash and cash equivalents declined from Dec. 2021 ($85.80 Mil) to Dec. 2022 ($7.32 Mil) but then increased from Dec. 2022 ($7.32 Mil) to Dec. 2023 ($57.08 Mil).

Select Water Solutions Cash And Cash Equivalents Historical Data

The historical data trend for Select Water Solutions'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.

Select Water Solutions Cash And Cash Equivalents Chart

Select Water Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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79.27

169.04

85.80

7.32

57.08

Select Water Solutions 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															6.03	10.56	25.04	57.08	12.75

Select Water Solutions 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.

Select Water Solutions (NYSE:WTTR) 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.

Select Water Solutions Cash And Cash Equivalents Related Terms

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Select Water Solutions (Select Water Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Select Water Solutions Inc (NYSE:WTTR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

18RA:Germany

Address

1233 West Loop South, Suite 1400, Houston, TX, USA, 77027

Website

https://www.selectenergy.com

Select Water Solutions Inc provides sustainable water and chemical solutions to the energy industry. These solutions are supported by the company's critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities.

Executives

Brian Szymanski	officer: Chief Accounting Officer & VP	1820 I-35 FRONTAGE ROAD, GAINESVILLE TX 76240
Michael Skarke	officer: Exec. VP, Water Solutions	1820 NORTH I-35, P.O. BOX 1715, GAINESVILLE TX 76241
Troy W Thacker	director	C/O FOX PAINE & CO, 950 TOWER LANE, FOSTER CITY CA 94404
Christina M Ibrahim	officer: SVP, GC and CCO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Nick L Swyka	officer: CFO & Senior VP	515 POST OAK BLVD., STE. 200, HOUSTON TX 77027
Robin H Fielder	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Christopher Kile George	officer: See Remarks	5660 WICKERSHAM LN, HOUSTON TX 77056
Luis M Fernandez-moreno	director	ASHLAND INC., 8145 BLAZER DRIVE, WILMINGTON DE 19808
Suzanne Colbert	officer: Chief Technology Officer	1233 WEST LOOP SOUTH, SUITE 1400, HOUSTON TX 77027
Gayle Burleson	director	ONE CONCHO CENTER, 600 WEST ILLINOIS AVENUE, MIDLAND TX 79701
Scf-vii(a), L.p.	10 percent owner, other: Member of Group	600 TRAVIS ST., STE. 6600, HOUSTON TX 77002
Scf Partners, Inc.	10 percent owner, other: Member of Group	600 TRAVIS STE 6600, HOUSTON TX 77002
Scf-vii(a), G.p., Limited Partnership	10 percent owner, other: Member of Group	600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Holli C. Ladhani	director, officer: President and CEO	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Mitchell Shauf	officer: EVP, Water Services	1820 N. INTERSTATE 35, GAINESVILLE TX 76241