Artesian Resources (Artesian Resources) Cash And Cash Equivalents : $2.51 Mil (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Artesian Resources Cash And Cash Equivalents?

Artesian Resources's quarterly cash and cash equivalents increased from Jun. 2023 ($5.92 Mil) to Sep. 2023 ($6.46 Mil) but then stayed the same from Sep. 2023 ($6.46 Mil) to Dec. 2023 ($2.51 Mil).

Artesian Resources's annual cash and cash equivalents increased from Dec. 2021 ($0.09 Mil) to Dec. 2022 ($1.31 Mil) and increased from Dec. 2022 ($1.31 Mil) to Dec. 2023 ($2.51 Mil).

Artesian Resources Cash And Cash Equivalents Historical Data

The historical data trend for Artesian Resources's Cash And Cash Equivalents 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.

Artesian Resources Cash And Cash Equivalents Chart

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.60

0.03

0.09

1.31

2.51

Artesian Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.31	0.12	5.92	6.46	2.51

Artesian Resources Cash And Cash Equivalents 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.

Artesian Resources (NAS:ARTNA) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Artesian Resources Cash And Cash Equivalents Related Terms

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

Artesian Resources (Artesian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (NAS:ARTNA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ARTNB:USA

Address

664 Churchmans Road, Newark, DE, USA, 19702

Website

http://www.artesianwater.com

Artesian Resources Corp operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company is focusing on a wide spectrum of activities, which include identifying new and dependable sources of water supply; developing wells, treatment plants and delivery systems to get water to customers.

Executives

Nicholle Renee Taylor	director, officer: Director / Vice President	664 CHURCHMANS ROAD, NEWARK DE 19702
John M Thaeder	officer: Senior VP of Operations
Emerson Courtney A	officer: Gen Counsel & Asst Secretary	107 DODGE DRIVE, SMYRNA DE 19977
Dian C Taylor	director, officer: C.E.O. President
Kenneth R Biederman	director
Raymond T. Kelly	officer: VP of Information Technology	15 GABRIELLE CIRCLE, SWEDESBORO NJ 08085
Daniel Konstanski	officer: Vice President of Engineering	607 S CLAYTON STREET, WILMINGTON DE 19805
Eisenbrey John R Jr	director
Pierre A Anderson	officer: VP of Information Technology	664 CHURCHMANS ROAD, NEWARK DE 19702
William C Wyer	director
Michael Houghton	director	212 CLOVER DRIVE, HOCKESSIN DE 19707
Karl G. Randall	officer: Asst Secretary and Gen Counsel	664 CHURCHMANS ROAD, NEWARK DE 19702
Schreppler John J Ii	officer: VP and General Counsel
Joseph A Dinunzio	officer: Exec VP / Corp Secretary	664 CHURCHMANS ROAD, NEWARK DE 19702
David B Spacht	officer: CFO and Treasurer