PEDEVCO (PEDEVCO) Cash And Cash Equivalents : $18.52 Mil (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is PEDEVCO Cash And Cash Equivalents?

PEDEVCO's quarterly cash and cash equivalents increased from Jun. 2023 ($12.46 Mil) to Sep. 2023 ($13.20 Mil) and increased from Sep. 2023 ($13.20 Mil) to Dec. 2023 ($18.52 Mil).

PEDEVCO's annual cash and cash equivalents increased from Dec. 2021 ($25.93 Mil) to Dec. 2022 ($29.43 Mil) but then declined from Dec. 2022 ($29.43 Mil) to Dec. 2023 ($18.52 Mil).

PEDEVCO Cash And Cash Equivalents Historical Data

The historical data trend for PEDEVCO'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.

PEDEVCO Cash And Cash Equivalents Chart

PEDEVCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

22.42

8.03

25.93

29.43

18.52

PEDEVCO Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															29.43	14.14	12.46	13.20	18.52

PEDEVCO 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.

PEDEVCO (AMEX:PED) 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.

PEDEVCO Cash And Cash Equivalents Related Terms

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

PEDEVCO (PEDEVCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PEDEVCO Corp (AMEX:PED) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

UD1P:Germany

Address

575 N. Dairy Ashford, Suite 210, Houston, TX, USA, 77079

Website

https://www.pedevco.com

PEDEVCO Corp is an oil and gas company focused on the acquisition and development of oil and natural gas assets where the latest in modern drilling and completion techniques and technologies have yet to be applied. In particular, the company focuses on legacy proved properties where there is a long production history, well-defined geology and existing infrastructure that can be leveraged when applying modern field management technologies. The current properties of the company are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico (the Permian Basin) and in the Denver-Julesberg Basin (D-J Basin) in Colorado.

Executives

John Douglas Schick	officer: President	514 BRIAR KNOLL DR., HOUSTON TX 77079
Paul Anthony Pinkston	officer: CAO and PFO and AO	450 GEARS ROAD, SUITE 860, HOUSTON TX 77067
Moore Clark	officer: Executive VP	12244 SANTA TERESA DRIVE, SAN RAMON CA 94538
John J Scelfo	director	333 LAS OLAJ WAY, 1010, FORT LAUDERDALE FL 33301
Ivar Siem	director	710 N. POST OAK RD., STE. 512, HOUSTON TX 77024
Simon G Kukes	10 percent owner
Sgk 2018 Revocable Trust	10 percent owner	575 N. DAIRY ASHFORD, ENERGY CENTER II, SUITE 210, HOUSTON TX 77079
Viktor Tkachev	10 percent owner	ARHITEKTORA VLASOVA STREET 22, APT 93, MOSCOW 1Z 117393
Harold Douglas Evans	director	20711 FAIRWATER DRIVE, KATY TX 77450
Sk Energy Llc	director, 10 percent owner, officer: Chif Executive Officer	5100 WESTHEIMER, SUITE 200, HOUSTON TX 77056
Gregory L Overholtzer	officer: Chief Financial Officer	120 ROSE ORCHARD WAY, SAN JOSE CA 95134
Michael L Peterson	director, officer: CEO and President	17 CANARY COURT, DANVILLE CA 94526
Frank C Ingriselli	director, 10 percent owner, officer: President	250 EAST HARTSDALE AVE, HARTSDALE NY 10530
Adam Mccune Mcafee	director	4125 BLACKHAWK PLAZA CIRCLE, SUITE 201, DANVILLE CA 94506
David Z Steinberg	director	4125 BLACKHAWK PLAZA CIRCLE, SUITE 201, DANVILLE CA 94506