Ophir Energy (Ophir Energy) Cash And Cash Equivalents : $289.9 Mil (As of Dec. 2018)

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What is Ophir Energy Cash And Cash Equivalents?

Ophir Energy's quarterly cash and cash equivalents declined from Dec. 2017 ($212.28 Mil) to Jun. 2018 ($180.04 Mil) but then increased from Jun. 2018 ($180.04 Mil) to Dec. 2018 ($289.91 Mil).

Ophir Energy's annual cash and cash equivalents declined from Dec. 2016 ($360.42 Mil) to Dec. 2017 ($212.28 Mil) but then increased from Dec. 2017 ($212.28 Mil) to Dec. 2018 ($289.91 Mil).

Ophir Energy Cash And Cash Equivalents Historical Data

The historical data trend for Ophir Energy'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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Ophir Energy Cash And Cash Equivalents Chart

Ophir Energy Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash And Cash Equivalents

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877.87

614.57

360.42

212.28

289.91

Ophir Energy Semi-Annual Data
	Jun05	Jun06	Jun07	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
Cash And Cash Equivalents	Get a 7-Day Free Trial													360.42	236.52	212.28	180.04	289.91

Ophir Energy 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.

Ophir Energy (OTCPK:OPGYF) 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.

Ophir Energy Cash And Cash Equivalents Related Terms

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Ophir Energy (Ophir Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ophir Energy PLC (OTCPK:OPGYF) » Definitions » Cash And Cash Equivalents

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Address

123 Victoria Street, Level 4, London, GBR, SW1E 6DE

Website

http://www.ophir-energy.com

Ophir Energy PLC is an upstream oil and gas exploration and production company focused on the exploration and appraisal phases of the industry cycle. It aims to monetize assets during the production phase. Assets are positioned throughout Africa and Asia, primarily in offshore and deep-water fields. The company counts on different exploration techniques to locate potential assets including seismic surveys. The majority of revenue is derived from crude-oil sales to the Thai state-owned oil and gas company PTT Public Company Limited.

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