Martin Midstream Partners LP (Martin Midstream Partners LP) Cash, Cash Equivalents, Marketable Securities : $0.1 Mil (As of Mar. 2024)

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What is Martin Midstream Partners LP Cash, Cash Equivalents, Marketable Securities?

Martin Midstream Partners LP's quarterly cash, cash equivalents, marketable securities stayed the same from Sep. 2023 ($0.05 Mil) to Dec. 2023 ($0.05 Mil) and stayed the same from Dec. 2023 ($0.05 Mil) to Mar. 2024 ($0.05 Mil).

Martin Midstream Partners LP's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($0.05 Mil) to Dec. 2022 ($0.05 Mil) but then increased from Dec. 2022 ($0.05 Mil) to Dec. 2023 ($0.05 Mil).

Martin Midstream Partners LP Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Martin Midstream Partners LP'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.

Martin Midstream Partners LP Cash, Cash Equivalents, Marketable Securities Chart

Martin Midstream Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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2.86

4.96

0.05

Martin Midstream Partners LP 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															0.06	0.06	0.05	0.05	0.05

Martin Midstream Partners LP 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.

Martin Midstream Partners LP (NAS:MMLP) 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.

Martin Midstream Partners LP Cash, Cash Equivalents, Marketable Securities Related Terms

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Martin Midstream Partners LP (Martin Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Martin Midstream Partners LP (NAS:MMLP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 Stone Road, Kilgore, TX, USA, 75662

Website

https://www.mmlp.com

Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. It generates maximum revenue from the Natural gas liquids segment.

Executives

Sharon L Taylor	officer: Chief Financial Officer	4200 B STONE RD, KILGORE TX 75662
Ruben S Martin	director, 10 percent owner, officer: President and CEO	4200 STONE RD, KILGORE TX 75662
Robert D Bondurant	officer: Executive VP and CFO	4200 STONE ROAD, KILGORE TX 75662
Scot A Shoup	officer: Senior VP Operations	2029 S. CHILTON AVE., TYLER TX 75701
Chris H Booth	officer: VP/General Counsel/Secretary	4200 STONE ROAD, KILGORE TX 75662
Randall Tauscher	officer: Executive Vice President	KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230
Christopher Michael Reid	director	100 W PUTNAM AVENUE, GREENWICH CT 06830
C Scott Massey	director	4200 STONE RD, KILGORE TX 75662
Martin Product Sales Llc	10 percent owner	4200 STONE ROAD, KILGORE TX 75662
James M Collingsworth	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Stephen W Martin	officer: VP Corporate Development	4200 STONE ROAD, KILGORE TX 75662
Zachary Stanton	director	12 ROTON AVE, ROTON AVE, NORWALK CT 06853
Charles H Still	director	FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095
Wesley M Skelton	officer: Executive VP, CA0 & Controller	4200 STONE ROAD, KILGORE TX 75662
Sean P. Dolan	director	4200 B STONE ROAD, KILGORE TX 75662