Enservco (Enservco) Cash, Cash Equivalents, Marketable Securities : $0.20 Mil (As of Dec. 2023)

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What is Enservco Cash, Cash Equivalents, Marketable Securities?

Enservco's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($0.43 Mil) to Sep. 2023 ($0.30 Mil) but then stayed the same from Sep. 2023 ($0.30 Mil) to Dec. 2023 ($0.20 Mil).

Enservco's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.15 Mil) to Dec. 2022 ($0.04 Mil) but then increased from Dec. 2022 ($0.04 Mil) to Dec. 2023 ($0.20 Mil).

Enservco Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Enservco'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.

Enservco Cash, Cash Equivalents, Marketable Securities Chart

Enservco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.66

1.47

0.15

0.04

0.20

Enservco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.04	1.77	0.43	0.30	0.20

Enservco 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.

Enservco (AMEX:ENSV) 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.

Enservco Cash, Cash Equivalents, Marketable Securities Related Terms

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Enservco (Enservco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enservco Corp (AMEX:ENSV) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

A3O0:Germany

Address

14133 County Road 9 1/2, Longmont, CO, USA, 80504

Website

http://www.enservco.com

Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services. It operates in geographically diverse regions of the United States.

Executives

Steve A Weyel	director	1021 MAIN, SUITE 2626, HOUSTON TX 77002
Kevin Chesser	director	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Mark Patterson	officer: Chief Financial Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Donovan Kelly	officer: Principal Accounting Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Marjorie Anne Hargrave	officer: Chief Financial Officer	999 18TH STREET, SUITE 1925N, DENVER CO 80202
Ian Dickinson	director, officer: President and CEO	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
William A Jolly	director	163 PINEWOOD TRAIL, TRUMBULL CT 06611
Kevin Kersting	officer: Chief Operating Officer	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
Dustin Riley Bradford	officer: Chief Accounting Officer	1837 S WASHINGTON ST, DENVER CO 80210
Cross River Capital Management Llc	10 percent owner	31 BAILEY AVENUE, UNIT D, RIDGEFIELD CT 06877
Tucker L Franciscus	officer: Chief Financial Officer	C/O PYR ENERGY CORP, 1675 BROADWAY - SUITE 2450, DENVER CO 80202
Austin Peitz	officer: V-P Field Operations	501 S. CHERRY STREET, SUITE 320, DENVER CO 80246
Christopher D. Haymons	director	210 UNIVERSITY BOULEVARD, SUITE 650, DENVER CO 80206
Rick D Kasch	officer: President & CFO	830 TENDERFOOT HILL ROAD, P.O. BOX 60460, COLORADO SPRINGS CO 80960
Steven P Oppenheim	director