CSI Compressco LP (CSI Compressco LP) Cash And Cash Equivalents : $7.0 Mil (As of Dec. 2023)

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What is CSI Compressco LP Cash And Cash Equivalents?

CSI Compressco LP's quarterly cash and cash equivalents increased from Jun. 2023 ($12.32 Mil) to Sep. 2023 ($15.50 Mil) but then stayed the same from Sep. 2023 ($15.50 Mil) to Dec. 2023 ($7.01 Mil).

CSI Compressco LP's annual cash and cash equivalents increased from Dec. 2021 ($6.60 Mil) to Dec. 2022 ($8.48 Mil) but then declined from Dec. 2022 ($8.48 Mil) to Dec. 2023 ($7.01 Mil).

CSI Compressco LP Cash And Cash Equivalents Historical Data

The historical data trend for CSI Compressco LP'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.

* Premium members only.

CSI Compressco LP Cash And Cash Equivalents Chart

CSI Compressco LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2.37

16.58

6.60

8.48

7.01

CSI Compressco LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															8.48	13.62	12.32	15.50	7.01

CSI Compressco LP 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.

CSI Compressco LP (NAS:CCLP) 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.

CSI Compressco LP Cash And Cash Equivalents Related Terms

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CSI Compressco LP (CSI Compressco LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CSI Compressco LP (NAS:CCLP) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1735 Hughes Landing Boulevard, Suite 200, The Woodlands, TX, USA, 77380

Website

https://www.csicompressco.com

CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.

Executives

James R Larson	director	CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Joseph P. Mcelroy	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
John Earl Jackson	director, officer: Chief Executive Officer	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Michael James Tucker	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Jonathan W. Byers	director, officer: Chief Financial Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Riplee L Parkening	officer: Controller	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Rodney P Pruski	officer: Vice President of Operations	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Stephen R. Gill	director	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Gp Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Lp	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Derek J Anchondo	officer: Assistant General Counsel	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Robert Wesley Price	director, officer: Chief Operating Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Denise Essenberg	director	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Ted A Gardner	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Spartan Energy Holdco Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380