Europa Oil & Gas (Holdings) (FRA:EGN) Cash And Cash Equivalents : €1.74 Mil (As of Jul. 2024)

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What is Europa Oil & Gas (Holdings) Cash And Cash Equivalents?

Europa Oil & Gas (Holdings)'s quarterly cash and cash equivalents declined from Jul. 2023 (€6.02 Mil) to Jan. 2024 (€3.16 Mil) but then stayed the same from Jan. 2024 (€3.16 Mil) to Jul. 2024 (€1.74 Mil).

Europa Oil & Gas (Holdings)'s annual cash and cash equivalents increased from Jul. 2022 (€1.64 Mil) to Jul. 2023 (€6.02 Mil) but then declined from Jul. 2023 (€6.02 Mil) to Jul. 2024 (€1.74 Mil).

Europa Oil & Gas (Holdings) Cash And Cash Equivalents Historical Data

The historical data trend for Europa Oil & Gas (Holdings)'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.

Europa Oil & Gas (Holdings) Cash And Cash Equivalents Chart

Europa Oil & Gas (Holdings) Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash And Cash Equivalents

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0.85

0.75

1.64

6.02

1.74

Europa Oil & Gas (Holdings) Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.64	5.85	6.02	3.16	1.74

Europa Oil & Gas (Holdings) 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.

Europa Oil & Gas (Holdings) (FRA:EGN) 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.

Europa Oil & Gas (Holdings) Cash And Cash Equivalents Related Terms

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Europa Oil & Gas (Holdings) Business Description

Industry

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Traded in Other Exchanges

EOG:UK

Address

54 Charlotte Street, London, GBR, W1T 2NS

Website

https://www.europaoil.com

Europa Oil & Gas (Holdings) PLC is an oil and gas exploration, development, and production company. It is focused on developing a balanced portfolio of assets in the North Sea, Atlantic Ireland, and West Africa, supported by revenue from onshore oil production in the United Kingdom. The company holds interests in the Broughton North prospect, West Firsby and Crosby Warren fields, Wressle-1 well, and Whisby W4 well. In the Irish Atlantic region, it considers the Inishkea prospect in the Slyne basin and near the Corrib gasfield as its flagship project in Ireland. The company has also acquired interest in the Block EG-08 offshore in the Douala Basin of Equatorial Guinea. Its reportable segments are the United Kingdom which derives key revenue, Ireland, and West Africa.