Essential Energy Services (TSX:ESN) Cash And Cash Equivalents : C$2.2 Mil (As of Jun. 2023)

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What is Essential Energy Services Cash And Cash Equivalents?

Essential Energy Services's quarterly cash and cash equivalents declined from Dec. 2022 (C$2.06 Mil) to Mar. 2023 (C$1.78 Mil) but then increased from Mar. 2023 (C$1.78 Mil) to Jun. 2023 (C$2.15 Mil).

Essential Energy Services's annual cash and cash equivalents increased from Dec. 2020 (C$6.08 Mil) to Dec. 2021 (C$6.46 Mil) but then declined from Dec. 2021 (C$6.46 Mil) to Dec. 2022 (C$2.06 Mil).

Essential Energy Services Cash And Cash Equivalents Historical Data

The historical data trend for Essential Energy Services'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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Essential Energy Services Cash And Cash Equivalents Chart

Essential Energy Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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0.41

0.85

6.08

6.46

2.06

Essential Energy Services Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.11	0.62	2.06	1.78	2.15

Essential Energy Services 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.

Essential Energy Services (TSX:ESN) 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.

Essential Energy Services Cash And Cash Equivalents Related Terms

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Essential Energy Services (TSX:ESN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Essential Energy Services Ltd (TSX:ESN) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

250 - 2nd Street SW, Suite 1100, Livingston Place West, Calgary, AB, CAN, T2P 0C1

Website

https://www.essentialenergy.ca

Essential Energy Services Ltd provides oilfield services to oil and natural gas producers, primarily in Western Canada. It operates through two segments: The Essential Coil Well Service segment provides completion, production, and workover services with its fleet of coiled tubing rigs, fluid pumpers, nitrogen pumpers, and ancillary equipment. Tryton segment provides downhole tools and rental services in Canada and the U.S. The majority of revenue is from the ECWS segment.

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