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Crew Energy (Crew Energy) Cash And Cash Equivalents

: $0.0 Mil (As of Dec. 2023)
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Crew Energy's annual cash and cash equivalents increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($40.29 Mil) but then declined from Dec. 2022 ($40.29 Mil) to Dec. 2023 ($0.00 Mil).

Crew Energy Cash And Cash Equivalents Historical Data

The historical data trend for Crew Energy'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.

Crew Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 40.29 -

Crew Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.29 59.55 - - -

Crew Energy 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.

Crew Energy  (OTCPK:CWEGF) 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.

Crew Energy Cash And Cash Equivalents Related Terms

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Crew Energy (Crew Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crew Energy Inc (OTCPK:CWEGF) » Definitions » Cash And Cash Equivalents
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C5X:Germany CR:Canada
Address
250 - 5th Street South West, Suite 800, Calgary, AB, CAN, T2P 0R4
Website
https://www.crewenergy.com
Crew Energy Inc is an oil and gas exploration, development, and production company based in Calgary, Alberta, Canada. It conducts its operations in the Western Canada Sedimentary basin, focused in the province of British Columbia. The majority of the Company's petroleum and natural gas sales are conducted in Canada.