Criterium Energy (TSXV:CEQ) Cash And Cash Equivalents : C$8.53 Mil (As of Mar. 2024)

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What is Criterium Energy Cash And Cash Equivalents?

Criterium Energy's quarterly cash and cash equivalents declined from Sep. 2023 (C$1.52 Mil) to Dec. 2023 (C$0.43 Mil) but then increased from Dec. 2023 (C$0.43 Mil) to Mar. 2024 (C$8.53 Mil).

Criterium Energy's annual cash and cash equivalents increased from Dec. 2021 (C$0.06 Mil) to Dec. 2022 (C$3.72 Mil) but then declined from Dec. 2022 (C$3.72 Mil) to Dec. 2023 (C$0.43 Mil).

Criterium Energy Cash And Cash Equivalents Historical Data

The historical data trend for Criterium 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.

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Criterium Energy Cash And Cash Equivalents Chart

Criterium Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.07

0.05

0.06

3.72

0.43

Criterium Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.80	2.12	1.52	0.43	8.53

Criterium 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.

Criterium Energy (TSXV:CEQ) 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.

Criterium Energy Cash And Cash Equivalents Related Terms

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Criterium Energy (TSXV:CEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Criterium Energy Ltd (TSXV:CEQ) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

202 - 6 Avenue SW, Bow Valley Square Tower 1?, Suite 1120, Calgary, AB, CAN, T2P 2R9

Website

https://www.criteriumenergy.com

Criterium Energy Ltd is engaged in the acquisition of assets for the exploration, development, and production of oil and natural gas. The group is engaged in the sustainable development of assets in South East Asia by evolving its portfolio to produce traditional and emerging energy sources. The company's major operations are located in Indonesia and Canada. It has two operating segments, one being the acquisition, exploration and development of oil and gas properties in Indonesia and the second being oil and gas royalties from properties in Canada.

Executives

David Bruce Dunlop

Director

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