Victoria Oil & Gas (Victoria Oil & Gas) Cash And Cash Equivalents : $1.64 Mil (As of Jun. 2021)

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What is Victoria Oil & Gas Cash And Cash Equivalents?

Victoria Oil & Gas's quarterly cash and cash equivalents declined from Jun. 2020 ($3.28 Mil) to Dec. 2020 ($1.81 Mil) but then stayed the same from Dec. 2020 ($1.81 Mil) to Jun. 2021 ($1.64 Mil).

Victoria Oil & Gas's annual cash and cash equivalents increased from Dec. 2018 ($3.47 Mil) to Dec. 2019 ($7.24 Mil) but then declined from Dec. 2019 ($7.24 Mil) to Dec. 2020 ($1.81 Mil).

Victoria Oil & Gas Cash And Cash Equivalents Historical Data

The historical data trend for Victoria Oil & Gas'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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Victoria Oil & Gas Cash And Cash Equivalents Chart

Victoria Oil & Gas Annual Data

Trend

May11

May12

May13

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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16.26

11.48

3.47

7.24

1.81

Victoria Oil & Gas Semi-Annual Data
	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Cash And Cash Equivalents	Get a 7-Day Free Trial															14.38	7.24	3.28	1.81	1.64

Victoria Oil & Gas 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.

Victoria Oil & Gas (OTCPK:VCOGF) 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.

Victoria Oil & Gas Cash And Cash Equivalents Related Terms

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Victoria Oil & Gas (Victoria Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victoria Oil & Gas PLC (OTCPK:VCOGF) » Definitions » Cash And Cash Equivalents

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Address

Scott House, Suite 1 The Concourse, Waterloo Station, GBR, SE1 7LY

Website

http://www.victoriaoilandgas.com

Victoria Oil & Gas PLC is a UK-based company that operates a fully integrated domestic natural gas production and distribution business and supplies industry in the port city of Douala, Cameroon. The principal activities of the company include exploration, production, and distribution and the sale of hydrocarbons and related activities. It focuses on the development of the Logbaba gas and condensate field to supply gas to its customers and the expansion of the gas pipeline distribution network. The company's operating segments are Cameroon, Russia & Kazakhstan, and Corporate. Most of the company's revenue is generated from Cameroon.

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