Pason Systems (TSX:PSI) Cash And Cash Equivalents : C$171.8 Mil (As of Dec. 2023)

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What is Pason Systems Cash And Cash Equivalents?

Pason Systems's quarterly cash and cash equivalents increased from Jun. 2023 (C$134.72 Mil) to Sep. 2023 (C$138.36 Mil) and increased from Sep. 2023 (C$138.36 Mil) to Dec. 2023 (C$171.77 Mil).

Pason Systems's annual cash and cash equivalents declined from Dec. 2021 (C$158.28 Mil) to Dec. 2022 (C$132.06 Mil) but then increased from Dec. 2022 (C$132.06 Mil) to Dec. 2023 (C$171.77 Mil).

Pason Systems Cash And Cash Equivalents Historical Data

The historical data trend for Pason Systems'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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Pason Systems Cash And Cash Equivalents Chart

Pason Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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161.02

149.28

158.28

132.06

171.77

Pason Systems 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															132.06	144.36	134.72	138.36	171.77

Pason Systems 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.

Pason Systems (TSX:PSI) 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.

Pason Systems Cash And Cash Equivalents Related Terms

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Pason Systems (TSX:PSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pason Systems Inc (TSX:PSI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PSYTF:USA 3PS:Germany

Address

6130 Third Street SE, Calgary, AB, CAN, T2H 1K4

Website

https://www.pason.com

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management. The company operates in three geographic segments: Canada, the United States, and International (Latin America, Offshore, the Eastern Hemisphere, and the Middle East).