Torchlight Energy Resources (Torchlight Energy Resources) Cash, Cash Equivalents, Marketable Securities : $13.16 Mil (As of Mar. 2021)

View and export this data going back to 2009. Start your Free Trial

What is Torchlight Energy Resources Cash, Cash Equivalents, Marketable Securities?

Torchlight Energy Resources's quarterly cash, cash equivalents, marketable securities declined from Sep. 2020 ($0.26 Mil) to Dec. 2020 ($0.13 Mil) but then increased from Dec. 2020 ($0.13 Mil) to Mar. 2021 ($13.16 Mil).

Torchlight Energy Resources's annual cash, cash equivalents, marketable securities declined from Dec. 2018 ($0.84 Mil) to Dec. 2019 ($0.09 Mil) but then increased from Dec. 2019 ($0.09 Mil) to Dec. 2020 ($0.13 Mil).

Torchlight Energy Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Torchlight Energy Resources'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.

Torchlight Energy Resources Cash, Cash Equivalents, Marketable Securities Chart

Torchlight Energy Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

1.77

1.05

0.84

0.09

0.13

Torchlight Energy Resources Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.08	0.28	0.26	0.13	13.16

Torchlight Energy Resources 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.

Torchlight Energy Resources (NAS:TRCH) 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.

Torchlight Energy Resources Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Torchlight Energy Resources's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Torchlight Energy Resources (Torchlight Energy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Torchlight Energy Resources Inc (NAS:TRCH) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

5700 W. Plano Parkway, Suite 3600, Plano, TX, USA, 75093

Website

https://www.torchlightenergy.com

Torchlight Energy Resources Inc acquires, explores, exploits, and develops oil and natural gas properties in the United States. It is primarily focused on the acquisition of early-stage projects, the development and delineation of the projects, and then the monetization of those assets once these activities are completed. The firm's primary interests include the Orogrande Project in Hudspeth County, Texas and the Hazel Project in the Midland Basin.

Executives

Alexandre Zyngier	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Greg Mccabe	director, 10 percent owner	500 WEST TEXAS AVE., SUITE 890, MIDLAND TX 79701
Roger N Wurtele	officer: Chief Financial Officer	5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
John A. Brda	director, officer: President and CEO	1425 FRONTENAY, WARSON WOODS MO 63122
Michael James Graves	director	5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Robert Lance Cook	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75903
Robert David Newton	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Mccabe Petroleum Corp	10 percent owner	P.O. BOX 11188, MIDLAND TX 79702
Ernest Scott Kimbrough	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Shockey Eunis Lorance Jr	director	10827 STONE CANYON ROAD, DALLAS TX 75230
Mcandrew Willard Greer Iii	other: Former Officer and Director	5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Jerry D Barney	10 percent owner	841 ANDREW RUN, CANYON LAKE TX 78133
Edward J Devereaux	director	1713 VILLA COURT, CORINTH TX 76210
G Mc Exploration, Llc	10 percent owner	400 PINE STREET, SUITE 700, ABILENE TX 79601
Robert Kenneth Dulin	10 percent owner	8449 GREENWOOD DRIVE, NIWOT CO 80503