Phoenix Global Resources (BUE:PGR) Cash And Cash Equivalents : ARS6,692 Mil (As of Dec. 2021)

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What is Phoenix Global Resources Cash And Cash Equivalents?

Phoenix Global Resources's quarterly cash and cash equivalents increased from Dec. 2020 (ARS438.31 Mil) to Jun. 2021 (ARS4,735.65 Mil) and increased from Jun. 2021 (ARS4,735.65 Mil) to Dec. 2021 (ARS6,692.10 Mil).

Phoenix Global Resources's annual cash and cash equivalents declined from Dec. 2019 (ARS657.63 Mil) to Dec. 2020 (ARS438.31 Mil) but then increased from Dec. 2020 (ARS438.31 Mil) to Dec. 2021 (ARS6,692.10 Mil).

Phoenix Global Resources Cash And Cash Equivalents Historical Data

The historical data trend for Phoenix Global Resources'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.

Phoenix Global Resources Cash And Cash Equivalents Chart

Phoenix Global Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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452.48

652.03

657.63

438.31

6,692.10

Phoenix Global Resources Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Cash And Cash Equivalents	Get a 7-Day Free Trial															657.63	98.51	438.31	4,735.65	6,692.10

Phoenix Global Resources 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.

Phoenix Global Resources (BUE:PGR) 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.

Phoenix Global Resources Cash And Cash Equivalents Related Terms

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Phoenix Global Resources (BUE:PGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phoenix Global Resources PLC (BUE:PGR) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

62 Buckingham Gate, 1st Floor, London, GBR, SW1E 6AJ

Website

https://www.phoenixglobalresources.com

Phoenix Global Resources PLC is an oil and gas production, appraisal, and exploration company. The company focuses on producing, developing, and exploring assets specifically in Argentina and Colombia. Its portfolio of production, development and exploration licenses in proven is engaged in producing and prolific basins in Argentina and Paraguay. The company operates in three segments: Neuquina, Austral and Cuyana basins. Most of the company's revenue comes through the oil business from the Neuquina basin.