PHX Minerals (FRA:5AH) Cash And Cash Equivalents : €1.50 Mil (As of Mar. 2024)

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What is PHX Minerals Cash And Cash Equivalents?

PHX Minerals's quarterly cash and cash equivalents declined from Sep. 2023 (€1.16 Mil) to Dec. 2023 (€0.74 Mil) but then increased from Dec. 2023 (€0.74 Mil) to Mar. 2024 (€1.50 Mil).

PHX Minerals's annual cash and cash equivalents increased from Sep. 2021 (€2.07 Mil) to Sep. 2022 (€3.43 Mil) but then declined from Sep. 2022 (€3.43 Mil) to Dec. 2023 (€0.74 Mil).

PHX Minerals Cash And Cash Equivalents Historical Data

The historical data trend for PHX Minerals'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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PHX Minerals Cash And Cash Equivalents Chart

PHX Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Dec23

Cash And Cash Equivalents

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5.59

9.08

2.07

3.43

0.74

PHX Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.08	1.17	1.16	0.74	1.50

PHX Minerals 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.

PHX Minerals (FRA:5AH) 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.

PHX Minerals Cash And Cash Equivalents Related Terms

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PHX Minerals (FRA:5AH) Business Description

Industry

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PHX:USA

Address

1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107

Website

https://www.phxmin.com

PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.

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