What is Magnolia Oil & Gas Cash, Cash Equivalents, Marketable Securities?
Magnolia Oil & Gas's quarterly cash, cash equivalents, marketable securities
declined
from Jun. 2023 ($676.57 Mil) to Sep. 2023 ($618.47 Mil) but then
stayed the same
from Sep. 2023 ($618.47 Mil) to Dec. 2023 ($401.12 Mil).
Magnolia Oil & Gas's annual cash, cash equivalents, marketable securities
increased
from Dec. 2021 ($366.98 Mil) to Dec. 2022 ($675.44 Mil) but then
declined
from Dec. 2022 ($675.44 Mil) to Dec. 2023 ($401.12 Mil).
Magnolia Oil & Gas Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Magnolia 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.
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Magnolia Oil & Gas Cash, Cash Equivalents, Marketable Securities Chart
Magnolia 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.
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.
Magnolia Oil & Gas Cash, Cash Equivalents, Marketable Securities Related Terms
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Magnolia Oil & Gas (Magnolia Oil & Gas) Business Description
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
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