Siem Industries (Siem Industries) Cash And Cash Equivalents : $102.1 Mil (As of Jun. 2019)

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What is Siem Industries Cash And Cash Equivalents?

Siem Industries's quarterly cash and cash equivalents declined from Jun. 2018 ($174.37 Mil) to Dec. 2018 ($142.62 Mil) but then stayed the same from Dec. 2018 ($142.62 Mil) to Jun. 2019 ($102.11 Mil).

Siem Industries's annual cash and cash equivalents declined from Dec. 2016 ($233.39 Mil) to Dec. 2017 ($194.00 Mil) and declined from Dec. 2017 ($194.00 Mil) to Dec. 2018 ($142.62 Mil).

Siem Industries Cash And Cash Equivalents Historical Data

The historical data trend for Siem Industries'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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Siem Industries Cash And Cash Equivalents Chart

Siem Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash And Cash Equivalents

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436.58

221.85

233.39

194.00

142.62

Siem Industries Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Cash And Cash Equivalents	Get a 7-Day Free Trial											160.65	194.00	174.37	142.62	102.11

Siem Industries 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.

Siem Industries (OTCPK:SEMUF) 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.

Siem Industries Cash And Cash Equivalents Related Terms

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Siem Industries (Siem Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Siem Industries Inc (OTCPK:SEMUF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ugland House, South Church Street, P.O. Box 309, George Town, Grand Cayman, CYM, KY1-1104

Website

https://www.siemindustries.com

Siem Industries Inc is a diversified industrial holding company that operates through autonomous affiliates. The company has segregated its operations into Offshore Support Vessels, Reefer Vessels and Car Carriers, Cable-lay for Offshore Wind Farms (OWF), Scientific Core-Drilling, Shipbuilding, Potash-Mining and Corporate and Other. The company hold interests in several industrial areas including the oil and gas services industry and renewable energy sector, ocean transportation of refrigerated cargoes and automobiles, potash mining and finance. It generates maximum revenue from the Offshore Support Vessels segment.

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