Pioneer Energy Services (FRA:YGO) Cash And Cash Equivalents : €13.5 Mil (As of Jun. 2020)

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What is Pioneer Energy Services Cash And Cash Equivalents?

Pioneer Energy Services's quarterly cash and cash equivalents declined from Dec. 2019 (€22.16 Mil) to Mar. 2020 (€13.99 Mil) but then stayed the same from Mar. 2020 (€13.99 Mil) to Jun. 2020 (€13.46 Mil).

Pioneer Energy Services's annual cash and cash equivalents declined from Dec. 2017 (€62.23 Mil) to Dec. 2018 (€47.09 Mil) and declined from Dec. 2018 (€47.09 Mil) to Dec. 2019 (€22.16 Mil).

Pioneer Energy Services Cash And Cash Equivalents Historical Data

The historical data trend for Pioneer Energy Services'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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Pioneer Energy Services Cash And Cash Equivalents Chart

Pioneer Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash And Cash Equivalents

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13.00

9.66

62.23

47.09

22.16

Pioneer Energy Services Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Cash And Cash Equivalents	Get a 7-Day Free Trial															26.67	24.48	22.16	13.99	13.46

Pioneer Energy Services 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.

Pioneer Energy Services (FRA:YGO) 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.

Pioneer Energy Services Cash And Cash Equivalents Related Terms

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Pioneer Energy Services (FRA:YGO) Business Description

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Address

1250 North East Loop 410, Suite 1000, San Antonio, TX, USA, 78209

Website

http://www.pioneeres.com

Pioneer Energy Services Corp is a US-based company provides land-based drilling services and production services to a diverse group of independent and oil and gas exploration and production companies in the United States and internationally in Colombia. It provides coiled tubing and wireline services offshore in the Gulf of Mexico. The company operates through two segments. The Drilling Services segment is further is divided as Domestic Drilling and International Drilling includes drilling rig, crews, supplies, and most of the ancillary equipment needed. The Production Services segment is further is divided as Well Servicing, Wireline Services, and Coiled Tubing Services to producers.

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