Tallgrass Energy LP (Tallgrass Energy LP) Cash, Cash Equivalents, Marketable Securities : $9.4 Mil (As of Dec. 2019)

View and export this data going back to 2015. Start your Free Trial

What is Tallgrass Energy LP Cash, Cash Equivalents, Marketable Securities?

Tallgrass Energy LP's quarterly cash, cash equivalents, marketable securities increased from Jun. 2019 ($9.43 Mil) to Sep. 2019 ($15.97 Mil) but then stayed the same from Sep. 2019 ($15.97 Mil) to Dec. 2019 ($9.39 Mil).

Tallgrass Energy LP's annual cash, cash equivalents, marketable securities increased from Dec. 2017 ($2.59 Mil) to Dec. 2018 ($9.60 Mil) but then declined from Dec. 2018 ($9.60 Mil) to Dec. 2019 ($9.39 Mil).

Tallgrass Energy LP Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Tallgrass Energy LP's Cash, Cash Equivalents, Marketable Securities 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.

Tallgrass Energy LP Cash, Cash Equivalents, Marketable Securities Chart

Tallgrass Energy LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

2.23

2.46

2.59

9.60

9.39

Tallgrass Energy LP Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															9.60	15.04	9.43	15.97	9.39

Tallgrass Energy LP Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Tallgrass Energy LP (NYSE:TGE) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Tallgrass Energy LP Cash, Cash Equivalents, Marketable Securities Related Terms

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

Tallgrass Energy LP (Tallgrass Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tallgrass Energy LP (NYSE:TGE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 West 115th Street, Suite 350, Leawood, KS, USA, 66211

Website

https://www.tallgrassenergy.com

Tallgrass Energy LP is a corporate entity created after the acquisition of Tallgrass Energy Partners (the LP) by its GP in June 2018. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (the REX and Pony Express lines, for example). The entity focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Blackstone Investment Partners acquired the Tallgrass GP and 44% of the limited partnership in early 2019.

Executives

Guy G. Buckley	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Bia Gp L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Gic Private Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
William R. Moler	director, officer: See Remarks	4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Gic Special Investments Pte Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Blackstone Infrastructure Associates L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Bia Gp L.l.c.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Bip Holdings Manager L.l.c.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Thomas A Gerke	director	GERKE THOMAS A, OVERLAND PARK KS 66251
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Group Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154