Orca Energy Group (Orca Energy Group) Cash And Cash Equivalents : $101.6 Mil (As of Dec. 2023)

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What is Orca Energy Group Cash And Cash Equivalents?

Orca Energy Group's quarterly cash and cash equivalents declined from Jun. 2023 ($102.87 Mil) to Sep. 2023 ($101.74 Mil) but then stayed the same from Sep. 2023 ($101.74 Mil) to Dec. 2023 ($101.57 Mil).

Orca Energy Group's annual cash and cash equivalents increased from Dec. 2021 ($72.99 Mil) to Dec. 2022 ($96.32 Mil) and increased from Dec. 2022 ($96.32 Mil) to Dec. 2023 ($101.57 Mil).

Orca Energy Group Cash And Cash Equivalents Historical Data

The historical data trend for Orca Energy Group'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.

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Orca Energy Group Cash And Cash Equivalents Chart

Orca Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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93.90

104.19

72.99

96.32

101.57

Orca Energy Group 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															96.32	99.52	102.87	101.74	101.57

Orca Energy Group 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.

Orca Energy Group (OTCPK:ORXGF) 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.

Orca Energy Group Cash And Cash Equivalents Related Terms

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Orca Energy Group (Orca Energy Group) Business Description

Industry

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Address

Haile Selassie Road, Oyster Plaza Building, 5th Floor, P.O. Box 80139, Dar es Salaam, TZA

Website

https://www.orcaenergygroup.com

Orca Energy Group Inc produces and sells natural gas to the power and industrial sectors in Tanzania. The company delivers gas to TPDC through a long-term gas sales agreement to the TPDC-operated National Natural Gas Infrastructure on Songo Songo Island where the natural gas is processed before being transported to Dar es Salaam for power and industrial use. In addition to gas supplied to TPDC, Songas, and TANESCO for the generation of power, the company has developed and supplied an industrial gas market in the Dar es Salaam area.