PROP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PROP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Prairie Operating Co's quarterly cash and cash equivalents declined from Jun. 2023 ($8.55 Mil) to Sep. 2023 ($7.24 Mil) but then increased from Sep. 2023 ($7.24 Mil) to Dec. 2023 ($13.04 Mil).
Prairie Operating Co's annual cash and cash equivalents declined from Dec. 2021 ($2.79 Mil) to Dec. 2022 ($0.08 Mil) but then increased from Dec. 2022 ($0.08 Mil) to Dec. 2023 ($13.04 Mil).
The historical data trend for Prairie Operating Co'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.
Prairie Operating Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 2.78 | 1.90 | 2.79 | 0.08 | 13.04 |
Prairie Operating Co 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 | 0.08 | 0.03 | 8.55 | 7.24 | 13.04 |
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.
Prairie Operating Co (NAS:PROP) 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.
Thank you for viewing the detailed overview of Prairie Operating Co's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
James W. Wallis | 10 percent owner | 6410 NORTH SANTA FE AVE., STE B, OKLAHOMA CITY OK 73116 |
Daniel T. Sweeney | officer: General Counsel & Corp. Sec'y | 8636 N. CLASSEN BOULEVARD, OKLAHOMA CITY OK 73114 |
Jonathan H. Gray | director | 657 PERUGIA WAY, LOS ANGELES CA 90077 |
Erik Thoresen | director | C/O FUSION ACQUISITION CORP. II, 667 MADISON AVENUE, NEW YORK NY 10065 |
Robert Craig Owen | officer: Chief Financial Officer | 2350 N. SAM HOUSTON PARKWAY EAST, SUITE 125, HOUSTON TX 77032 |
Stephen Lee | director | 3326 MID LANE, HOUSTON TX 77027 |
Jeremy Landon Ham | officer: Chief Commercial Officer | 12115 DOUBLE TREE DRIVE, HOUSTON TX 77070 |
Michael Martin Breen | director | LOWSLEY HOUSE 133 HEADLEY ROAD, LIPHOOK X0 GU30 7PU |
Paul Kessler | director, 10 percent owner | 555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360 |
Bryan Freeman | officer: Exec VP of Operations | 16200 PARK ROW, SUITE 300, HOUSTON TX 77084 |
Gary C Hanna | director, officer: President | |
Gizman I Abbas | director | 415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013 |
Edward Kovalik | director, officer: Chief Executive Officer | 1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238 |
Scott D Kaufman | director, 10 percent owner, officer: Chairman, CEO and President | MIDUSMMER INVESTMENT LTD, 485 MADISON AVENUE 23RD FLOOR, NEW YORK NY 10022 |
Alan Louis Urban | officer: Chief Financial Officer | 1524 CLOVERFIELD BOULEVARD, SUITE E, SANTA MONICA CA 90404 |
From GuruFocus
By PRNewswire PRNewswire • 04-30-2018
By Marketwired • 08-01-2023
By Marketwired • 08-16-2023
By PRNewswire PRNewswire • 04-06-2018
By Marketwired • 10-20-2023
By Marketwired • 10-20-2023
By GlobeNewswire • 10-20-2023
By Marketwired • 10-16-2023
By Marketwired • 10-20-2023
By Marketwired • 08-21-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.