Permian Basin Royalty Trust (Permian Basin Royalty Trust) Cash, Cash Equivalents, Marketable Securities : $3.03 Mil (As of Mar. 2024)

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What is Permian Basin Royalty Trust Cash, Cash Equivalents, Marketable Securities?

Permian Basin Royalty Trust's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($2.15 Mil) to Dec. 2023 ($6.05 Mil) but then stayed the same from Dec. 2023 ($6.05 Mil) to Mar. 2024 ($3.03 Mil).

Permian Basin Royalty Trust's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($2.25 Mil) to Dec. 2022 ($2.86 Mil) and increased from Dec. 2022 ($2.86 Mil) to Dec. 2023 ($6.05 Mil).

Permian Basin Royalty Trust Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Permian Basin Royalty Trust'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.

Permian Basin Royalty Trust Cash, Cash Equivalents, Marketable Securities Chart

Permian Basin Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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2.86

1.73

2.25

2.86

6.05

Permian Basin Royalty Trust 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															2.20	3.54	2.15	6.05	3.03

Permian Basin Royalty Trust 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.

Permian Basin Royalty Trust (NYSE:PBT) 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.

Permian Basin Royalty Trust Cash, Cash Equivalents, Marketable Securities Related Terms

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Permian Basin Royalty Trust (Permian Basin Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permian Basin Royalty Trust (NYSE:PBT) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219

Website

https://www.pbt-permian.com

Permian Basin Royalty Trust is an express trust. The company's underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others across Texas. The company earns revenue in form of royalties received through its properties.

Executives

Burlington Resources Oil & Gas Co Lp

10 percent owner

717 TEXAS AVENUE, SUITE 2100, HOUSTON TX 77002