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Spectra Energy Partners LP's quarterly cash and cash equivalents declined from Mar. 2018 ($105.00 Mil) to Jun. 2018 ($96.00 Mil) but then increased from Jun. 2018 ($96.00 Mil) to Sep. 2018 ($156.00 Mil).
Spectra Energy Partners LP's annual cash and cash equivalents increased from Dec. 2015 ($168.00 Mil) to Dec. 2016 ($216.00 Mil) but then declined from Dec. 2016 ($216.00 Mil) to Dec. 2017 ($107.00 Mil).
The historical data trend for Spectra Energy Partners 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.
Spectra Energy Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 121.00 | 140.00 | 168.00 | 216.00 | 107.00 |
Spectra Energy Partners LP Quarterly Data | ||||||||||||||||||||
Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 107.00 | 107.00 | 105.00 | 96.00 | 156.00 |
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.
Spectra Energy Partners LP (NYSE:SEP) 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 Spectra Energy Partners LP's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael G Morris | director | AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215 |
J D Woodward | director | |
William T. Yardley | director, officer: President & Chairman | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
Nora Mead Brownell | director | C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936 |
Laura Buss Sayavedra | director, officer: See Remarks | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
Stephen J Neyland | officer: Vice President-Finance | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
John K Whelen | director | 425 - 1ST STREET SW, CALGARY A0 T2P 3L8 |
Vernon D Yu | director, officer: Chief Development Officer | 425 - 1ST STREET SW, CALGARY A0 T2P 3L8 |
Allen C Capps | officer: Controller | 5400 WESTHEIMER COURT, HOUSTON TX 77056-5310 |
Gregory L Ebel | director, officer: President & CEO | |
Fred J Fowler | director | C/O DCP MIDSTREAM, 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
Julie Dill | director | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Dorothy M Ables | director | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
Reginald D Hedgebeth | officer: General Counsel | 9950 MAYLAND DRIVE, RICHMOND VA 23233 |
Steven D Arnold | director | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
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