Trican Well Service (FRA:TWZ) Cash And Cash Equivalents : €24.4 Mil (As of Jun. 2024)

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What is Trican Well Service Cash And Cash Equivalents?

Trican Well Service's quarterly cash and cash equivalents declined from Dec. 2023 (€60.66 Mil) to Mar. 2024 (€6.30 Mil) but then increased from Mar. 2024 (€6.30 Mil) to Jun. 2024 (€24.39 Mil).

Trican Well Service's annual cash and cash equivalents increased from Dec. 2021 (€20.40 Mil) to Dec. 2022 (€40.38 Mil) and increased from Dec. 2022 (€40.38 Mil) to Dec. 2023 (€60.66 Mil).

Trican Well Service Cash And Cash Equivalents Historical Data

The historical data trend for Trican Well Service'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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Trican Well Service Cash And Cash Equivalents Chart

Trican Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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4.92

14.51

20.40

40.38

60.66

Trican Well Service Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															28.09	30.82	60.66	6.30	24.39

Trican Well Service 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.

Trican Well Service (FRA:TWZ) 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.

Trican Well Service Cash And Cash Equivalents Related Terms

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Trican Well Service Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trican Well Service Ltd (FRA:TWZ) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

TOLWF:USA TWZ:Germany TCW:Canada

Address

645 - 7th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 4G8

Website

https://www.tricanwellservice.com

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions. The company offers these services to customers in Canada from operating bases located across the Western Canadian Sedimentary Basin (WCSB).

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