Northern Oil & Gas (Northern Oil & Gas) Cash, Cash Equivalents, Marketable Securities

: $8 Mil (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

Northern Oil & Gas's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($14.81 Mil) to Sep. 2023 ($12.95 Mil) but then stayed the same from Sep. 2023 ($12.95 Mil) to Dec. 2023 ($8.20 Mil).

Northern Oil & Gas's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($9.52 Mil) to Dec. 2022 ($2.53 Mil) but then increased from Dec. 2022 ($2.53 Mil) to Dec. 2023 ($8.20 Mil).

Northern Oil & Gas Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Northern Oil & Gas'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.

Northern Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

16.07

1.43

9.52

2.53

8.20

Northern Oil & Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2.53	6.07	14.81	12.95	8.20

Northern Oil & Gas 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.

Northern Oil & Gas (NYSE:NOG) 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.

Northern Oil & Gas Cash, Cash Equivalents, Marketable Securities Related Terms

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

Northern Oil & Gas (Northern Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Oil & Gas Inc (NYSE:NOG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

4LT1:Germany

Address

4350 Baker Road, Suite 400, Minnetonka, MN, USA, 55343

Website

https://www.northernoil.com

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.

Executives

Robert B. Rowling	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
William F Kimble	director	6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237
Jennifer S. Pomerantz	director	4350 BAKER ROAD, SUITE 400, MINNETONKA MN 55343
Cresta Greenwood, Llc	10 percent owner	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Rowling Family 2012 Long Term Trust	other: See Remarks	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
James B. Evans	officer: Executive VP & Chief Engineer	601 CARLSON PARKWAY, SUITE 990, MINNETONKA MN 55305
Foundation Rowling	other: See Remarks	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Stuart G. Lasher	director	4931 NEW PROVIDENCE, TAMPA FL 33629
Ttbr Investments Llc	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Trbrjr Investments Llc	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Michael D. Kelly	officer: EVP of Finance	3762 INGOLD STREET, HOUSTON TX 77005
Crestview Partners Iii Gp, L.p.	10 percent owner	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Brandon R. Elliott	officer: EVP, Corporate Devp & Strategy	315 MANITOBA AVENUE, SUITE 200, WAYZATA MN 55391
Roy Ernest Easley	director	1048 TEXAN TRAIL, GRAPEVINE TX 76051
W Energy Partners Llc	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 550, DALLAS TX 75219