Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Cash And Cash Equivalents : $2.69 Mil (As of Dec. 2023)

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What is Chesapeake Granite Wash Trust Cash And Cash Equivalents?

Chesapeake Granite Wash Trust's quarterly cash and cash equivalents increased from Jun. 2023 ($2.49 Mil) to Sep. 2023 ($2.77 Mil) but then stayed the same from Sep. 2023 ($2.77 Mil) to Dec. 2023 ($2.69 Mil).

Chesapeake Granite Wash Trust's annual cash and cash equivalents increased from Dec. 2021 ($2.09 Mil) to Dec. 2022 ($2.56 Mil) and increased from Dec. 2022 ($2.56 Mil) to Dec. 2023 ($2.69 Mil).

Chesapeake Granite Wash Trust Cash And Cash Equivalents Historical Data

The historical data trend for Chesapeake Granite Wash Trust'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.

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Chesapeake Granite Wash Trust Cash And Cash Equivalents Chart

Chesapeake Granite Wash Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.60

1.74

2.09

2.56

2.69

Chesapeake Granite Wash Trust 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															2.56	2.43	2.49	2.77	2.69

Chesapeake Granite Wash Trust 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.

Chesapeake Granite Wash Trust (OTCPK:CHKR) 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.

Chesapeake Granite Wash Trust Cash And Cash Equivalents Related Terms

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Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chesapeake Granite Wash Trust (OTCPK:CHKR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.chkgranitewashtrust.com

Chesapeake Granite Wash Trust is a statutory trust which is formed to own the royalty interests for the benefit of trust unitholders. The Royalty Interests are derived from Chesapeake Energy Corporation's interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. The trust also has an interest in producing Wells and the development Wells. Majority revenue of the company comes from oil, natural gas and NGL.

Executives

Chesapeake Energy Corp	10 percent owner	6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118
Chesapeake Exploration Llc	10 percent owner	6100 N. WESTERN AVENUE, PO BOX 18496, OKC OK 73154-0496