Heritage Oil (LSE:0PZU) Cash And Cash Equivalents : £112.1 Mil (As of Dec. 2013)

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What is Heritage Oil Cash And Cash Equivalents?

Heritage Oil's quarterly cash and cash equivalents declined from Dec. 2011 (£277.57 Mil) to Dec. 2012 (£128.87 Mil) but then stayed the same from Dec. 2012 (£128.87 Mil) to Dec. 2013 (£112.13 Mil).

Heritage Oil's annual cash and cash equivalents declined from Dec. 2011 (£277.57 Mil) to Dec. 2012 (£128.87 Mil) and declined from Dec. 2012 (£128.87 Mil) to Dec. 2013 (£112.13 Mil).

Heritage Oil Cash And Cash Equivalents Historical Data

The historical data trend for Heritage Oil'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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Heritage Oil Cash And Cash Equivalents Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash And Cash Equivalents

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128.19

461.36

277.57

128.87

112.13

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Cash And Cash Equivalents	Get a 7-Day Free Trial												128.19	461.36	277.57	128.87	112.13

Heritage Oil 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.

Heritage Oil (LSE:0PZU) 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.

Heritage Oil Cash And Cash Equivalents Related Terms

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Heritage Oil (LSE:0PZU) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heritage Oil PLC (LSE:0PZU) » Definitions » Cash And Cash Equivalents

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Website

http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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