Legend Oil & Gas (Legend Oil & Gas) Cash And Cash Equivalents : $0.16 Mil (As of Dec. 2016)

View and export this data going back to 2005. Start your Free Trial

What is Legend Oil & Gas Cash And Cash Equivalents?

Legend Oil & Gas's quarterly cash and cash equivalents increased from Jun. 2016 ($0.17 Mil) to Sep. 2016 ($0.84 Mil) but then stayed the same from Sep. 2016 ($0.84 Mil) to Dec. 2016 ($0.16 Mil).

Legend Oil & Gas's annual cash and cash equivalents declined from Dec. 2014 ($0.70 Mil) to Dec. 2015 ($0.46 Mil) and declined from Dec. 2015 ($0.46 Mil) to Dec. 2016 ($0.16 Mil).

Legend Oil & Gas Cash And Cash Equivalents Historical Data

The historical data trend for Legend Oil & Gas'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.

Legend Oil & Gas Cash And Cash Equivalents Chart

Legend Oil & Gas Annual Data

Trend

Dec04

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.01

0.06

0.70

0.46

0.16

Legend Oil & Gas Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.46	0.66	0.17	0.84	0.16

Legend Oil & Gas 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.

Legend Oil & Gas (OTCPK:LOGL) 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.

Legend Oil & Gas Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Legend Oil & Gas's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Legend Oil & Gas (Legend Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legend Oil & Gas Ltd (OTCPK:LOGL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 North Point Center East, Suite 410, Alpharetta, GA, USA, 30022

Website

http://www.maxxonenergy.com

Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. It focuses is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment, as the oil and gas.

Executives

Neal P Kaufman	director	14315 WEST HARDY ROAD, HOUSTON TX 77060
Hillair Capital Investments Lp	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Sean M Mcavoy	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Hillair Capital Management Llc	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
James Vandeberg	10 percent owner	10710 NE 10TH STREET #1307, BELLEVUE WA 98004
Steve S Sinohui	director, 10 percent owner	2789 S. LAMAR STREET DENVER CO 80227

Legend Oil & Gas (Legend Oil & Gas) Headlines

No Headlines