SMG Industries (SMG Industries) Cash, Cash Equivalents, Marketable Securities

: $3.67 Mil (As of Sep. 2023)

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SMG Industries's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 ($0.31 Mil) to Jun. 2023 ($0.21 Mil) but then increased from Jun. 2023 ($0.21 Mil) to Sep. 2023 ($3.67 Mil).

SMG Industries's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($0.26 Mil) to Dec. 2021 ($0.26 Mil) and declined from Dec. 2021 ($0.26 Mil) to Dec. 2022 ($0.13 Mil).

SMG Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for SMG Industries'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.

SMG Industries Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

0.03

0.26

0.13

SMG Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities																0.40	0.13	0.31	0.21	3.67

SMG Industries 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.

SMG Industries (OTCPK:SMGI) 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.

SMG Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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SMG Industries (SMG Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SMG Industries Inc (OTCPK:SMGI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

State Hwy 249, Suite 450, Houston, TX, USA, 77070

Website

https://www.SMGIndustries.com

SMG Industries Inc is an oilfield service company that is a growth-oriented midstream, logistics, and oilfield services company that operates throughout the domestic Southwest United States. It offers an expanding suite of products and services across the oilfield market segments of drilling, completion, and production.

Executives

Timothy W Barnhart	director, officer: Chief Financial Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Bryan S Barnhart	director, officer: Chief Executive Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Wilson Newton W Iii	director, 10 percent owner	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Frye James E. Jr.	director, 10 percent owner	4090 N. HWY US 79, PALESTINE TX 75801
Newton W. Dorsett	director	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Brady E. Crosswell	director, 10 percent owner	902 WILD VALLEY ROAD, HOUSTON TX 77057
Steven H Madden	10 percent owner	9821 KATY FWY, STE 880, APEX HERITAGE GROUP, HOUSTON TX 77024
Allen Ray Parrott	officer: Chief Financial Officer	10626 SHELDON ROAD, HOUSTON TX 77044
Jeffrey Ralph Martini	officer: Chief Executive Officer	18226 MEMORIAL SPRINGS CT., TOMBALL TX 77375
Joseph L Page	director	8523 OLD QUARRY DR, SUGAR LAND TX 77479
Matthew C Flemming	director, officer: President, CEO and Chairman	18614 RESICA FALLS, HOUSTON TX 77094
Stephen Christian	officer: Executive Vice President	710 N. POST ROAD, SUITE 400, HOUSTON TX 77024
Robert Michael Villarreal	director	710 N POST OAK ROAD, SUITE 315, HOUSTON TX 77024
George W Gilman	10 percent owner	710 N. POST OAK RD., SUITE 400, HOUSTON TX 77024
Gilbert Michael A. Ii	director	851 WYCLIFFE DRIVE, HOUSTON TX 77079