Touchstone Exploration (Touchstone Exploration) Cash And Cash Equivalents : $8.19 Mil (As of Dec. 2023)

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What is Touchstone Exploration Cash And Cash Equivalents?

Touchstone Exploration's quarterly cash and cash equivalents declined from Jun. 2023 ($10.14 Mil) to Sep. 2023 ($3.79 Mil) but then increased from Sep. 2023 ($3.79 Mil) to Dec. 2023 ($8.19 Mil).

Touchstone Exploration's annual cash and cash equivalents declined from Dec. 2021 ($17.94 Mil) to Dec. 2022 ($16.34 Mil) and declined from Dec. 2022 ($16.34 Mil) to Dec. 2023 ($8.19 Mil).

Touchstone Exploration Cash And Cash Equivalents Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Cash And Cash Equivalents Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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6.18

24.28

17.94

16.34

8.19

Touchstone Exploration 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															16.34	10.86	10.14	3.79	8.19

Touchstone Exploration 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.

Touchstone Exploration (OTCPK:PBEGF) 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.

Touchstone Exploration Cash And Cash Equivalents Related Terms

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Touchstone Exploration (Touchstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (OTCPK:PBEGF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

TXP:UK PNW1:Germany TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.