Genel Energy (LSE:GENL) Cash And Cash Equivalents : £286.61 Mil (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Genel Energy Cash And Cash Equivalents?

Genel Energy's quarterly cash and cash equivalents declined from Dec. 2022 (£405.98 Mil) to Jun. 2023 (£336.60 Mil) but then stayed the same from Jun. 2023 (£336.60 Mil) to Dec. 2023 (£286.61 Mil).

Genel Energy's annual cash and cash equivalents increased from Dec. 2021 (£235.90 Mil) to Dec. 2022 (£405.98 Mil) but then declined from Dec. 2022 (£405.98 Mil) to Dec. 2023 (£286.61 Mil).

Genel Energy Cash And Cash Equivalents Historical Data

The historical data trend for Genel Energy'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.

Genel Energy Cash And Cash Equivalents Chart

Genel Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

298.10

263.75

235.90

405.98

286.61

Genel Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															235.90	334.63	405.98	336.60	286.61

Genel Energy 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.

Genel Energy (LSE:GENL) 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.

Genel Energy Cash And Cash Equivalents Related Terms

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

Genel Energy (LSE:GENL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genel Energy PLC (LSE:GENL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GEGYF:USA GENLl:UK 4VL:Germany

Address

Fifth Floor, 36 Broadway, Victoria, London, GBR, SW1H 0BH

Website

https://www.genelenergy.com

Genel Energy PLC produces oil and gas primarily in the Kurdistan region of Iraq. The Company has two reportable business segments: Production and Pre-production. Capital allocation decisions for the production segment are considered in the context of the cash flows expected from the production and sale of crude oil. The production segment is comprised of the producing fields on the Tawke PSC , the Taq Taq PSC and the Sarta PSC which are located in the KRI and make sales predominantly to the KRG. The pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC , all in the KRI and exploration activity, principally located in Somaliland and Morocco.

Genel Energy (LSE:GENL) Headlines

No Headlines