Connecticut Water Service (Connecticut Water Service) Cash And Cash Equivalents : $2.4 Mil (As of Jun. 2019)

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What is Connecticut Water Service Cash And Cash Equivalents?

Connecticut Water Service's quarterly cash and cash equivalents declined from Dec. 2018 ($2.86 Mil) to Mar. 2019 ($2.73 Mil) but then stayed the same from Mar. 2019 ($2.73 Mil) to Jun. 2019 ($2.44 Mil).

Connecticut Water Service's annual cash and cash equivalents increased from Dec. 2016 ($1.56 Mil) to Dec. 2017 ($3.62 Mil) but then declined from Dec. 2017 ($3.62 Mil) to Dec. 2018 ($2.86 Mil).

Connecticut Water Service Cash And Cash Equivalents Historical Data

The historical data trend for Connecticut Water Service'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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Connecticut Water Service Cash And Cash Equivalents Chart

Connecticut Water Service Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash And Cash Equivalents

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2.48

0.73

1.56

3.62

2.86

Connecticut Water Service Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.87	4.60	2.86	2.73	2.44

Connecticut Water Service 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.

Connecticut Water Service (NAS:CTWS) 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.

Connecticut Water Service Cash And Cash Equivalents Related Terms

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Connecticut Water Service (Connecticut Water Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Connecticut Water Service Inc (NAS:CTWS) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

93 West Main Street, Clinton, CT, USA, 06413

Website

http://www.ctwater.com

Connecticut Water Service Inc is a water utility that operates in the northeastern region of the United States, specifically Connecticut and Maine. The company has various subsidiaries and divisions, including water operations, which supplies public drinking water; real estate transactions, which sells real estate holdings; and service rentals, which sells contracted water and wastewater services. The major customers of the firm are residential, commercial, fire protection, public authority, and industrial entities. The majority of the company's revenue is derived from its water operations segment and residential customers.

Executives

Ellen C Wolf	director	C/O AMERICAN WATER WORKS CO INC, 1025 LAUREL OAK RD P O BOX 1770, VOORHEES NJ 08043
Maureen P Westbrook	officer: VP, Customer & Reg Affairs	93 WEST MAIN ST, CLINTON CT 06413
A Kristen Johnson	officer: V.P. Human Resources	C/O CONNECTICUT WATER SERVICE, INC., 93 WEST MAIN STREET, CLINTON CT 06413
Mary Ann Hanley	director	93 WEST MAIN STREET, CLINTON CT 06413
Carol P Wallace	director	93 WEST MAIN STREET, CLINTON CT 06413
Hunt Heather	director	93 WEST MAIN STREET, CLINTON CT 06413
David C Benoit	officer: President & CEO	93 WEST MAIN ST, CLINTON CT 06413
Eric W Thornburg	director, officer: President/CEO/Chairman	13165 TEN OAK COURT, SARATOGA CA 95070
Judith Kelly	officer: Div. Pres. Maine Water	C/O NORTHEAST BANK, 500 CANAL STREET, LEWISTON ME 04240