GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Ridge Resources Inc (NYSE:GRNT) » Definitions » Cash per Share

Granite Ridge Resources (Granite Ridge Resources) Cash per Share : $0.60 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Granite Ridge Resources Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Granite Ridge Resources's Cash per Share for the quarter that ended in Mar. 2024 was $0.60.

Granite Ridge Resources Cash per Share Historical Data

The historical data trend for Granite Ridge Resources's Cash per Share 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.

Granite Ridge Resources Cash per Share Chart

Granite Ridge Resources Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash per Share
- 0.01 0.09 0.38 0.47

Granite Ridge Resources Quarterly Data
Dec19 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.11 0.05 0.47 0.60

Granite Ridge Resources Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Granite Ridge Resources's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share= Cash, Cash Equivalents, Marketable Securities /Shares Outstanding (EOP)
=60.857/130.4
=0.47

Granite Ridge Resources's Cash per Share for the quarter that ended in Mar. 2024 is calculated as:

Cash per Share= Cash, Cash Equivalents, Marketable Securities /Shares Outstanding (EOP)
=78.989/130.7
=0.60

* 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.

Granite Ridge Resources  (NYSE:GRNT) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Granite Ridge Resources Cash per Share Related Terms

Thank you for viewing the detailed overview of Granite Ridge Resources's Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

Granite Ridge Resources (Granite Ridge Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Ridge Resources Inc (NYSE:GRNT) » Definitions » Cash per Share
Comparable Companies
SBOW SBR VTS CLMT REPX WTI CRGY TXO SD DMLP COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
Y60:Germany
Address
5217 McKinney Avenue, Suite 400, Dallas, TX, USA, 75205
Website
https://www.graniteridge.com
Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators.
Executives
Matthew Reade Miller director 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Griffin Perry director 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Thaddeus Darden director 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
John Mccartney director US ROBOTICS INC, 8100 MCCORMICK BLVD, SKOKIE IL 60076
Tyler Farquharson officer: Chief Financial Officer 12377 MERIT DRIVE, SUITE 1700, LB 82, DALLAS TX 75251
Kirk Lazarine director 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Iii, Llc 10 percent owner 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Luke C Brandenberg officer: President and CEO 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Michele J Everard director 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Zoran Durkovic officer: Chief Accounting Officer 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Ii, Llc 10 percent owner 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Amanda N. Coussens director C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Grey Rock Energy Fund Ii-b, Lp 10 percent owner 2911 TURTLE CREEK BLVD, SUITE 1150, DALLAS TX 75219
Grey Rock Energy Partners Gp Ii, L.p. 10 percent owner 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Holdco Iii-b Holdings, Llc 10 percent owner 5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205