ERHE (ERHC Energy) Cash And Cash Equivalents : $0.15 Mil (As of Jun. 2017)

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What is ERHC Energy Cash And Cash Equivalents?

ERHC Energy's quarterly cash and cash equivalents declined from Dec. 2016 ($0.26 Mil) to Mar. 2017 ($0.13 Mil) but then increased from Mar. 2017 ($0.13 Mil) to Jun. 2017 ($0.15 Mil).

ERHC Energy's annual cash and cash equivalents declined from Sep. 2014 ($2.18 Mil) to Sep. 2015 ($0.76 Mil) and declined from Sep. 2015 ($0.76 Mil) to Sep. 2016 ($0.44 Mil).

ERHC Energy Cash And Cash Equivalents Historical Data

The historical data trend for ERHC 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.

ERHC Energy Cash And Cash Equivalents Chart

ERHC Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Cash And Cash Equivalents

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7.67

1.18

2.18

0.76

0.44

ERHC Energy Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.30	0.44	0.26	0.13	0.15

ERHC 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.

ERHC Energy (OTCPK:ERHE) 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.

ERHC Energy Cash And Cash Equivalents Related Terms

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ERHC Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ERHC Energy Inc (OTCPK:ERHE) » Definitions » Cash And Cash Equivalents

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Address

5444 Westheimer Road, Suite 1440, Houston, TX, USA, 77056

Website

http://www.erhc.com

ERHC Energy Inc is an exploration company engaged in the exploration of oil and gas in Africa. The company also holds working interests in exploration acreage in the Republic of Kenya, the Republic of Chad, the Joint Development Zone between the Democratic Republic of Sao Tome and Príncipe, the Federal Republic of Nigeria, and the exclusive economic zone of Sao Tome and Principe.

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