SNGN Romgaz (SNGN Romgaz) Cash And Cash Equivalents : $429 Mil (As of Sep. 2023)

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What is SNGN Romgaz Cash And Cash Equivalents?

SNGN Romgaz's quarterly cash and cash equivalents increased from Mar. 2023 ($136.79 Mil) to Jun. 2023 ($518.02 Mil) but then stayed the same from Jun. 2023 ($518.02 Mil) to Sep. 2023 ($429.05 Mil).

SNGN Romgaz's annual cash and cash equivalents increased from Dec. 2020 ($90.65 Mil) to Dec. 2021 ($782.66 Mil) but then declined from Dec. 2021 ($782.66 Mil) to Dec. 2022 ($411.64 Mil).

SNGN Romgaz Cash And Cash Equivalents Historical Data

The historical data trend for SNGN Romgaz'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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SNGN Romgaz Cash And Cash Equivalents Chart

SNGN Romgaz Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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100.81

60.38

90.65

782.66

411.64

SNGN Romgaz Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															372.64	411.64	136.79	518.02	429.05

SNGN Romgaz 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.

SNGN Romgaz (OTCPK:SLTQY) 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.

SNGN Romgaz Cash And Cash Equivalents Related Terms

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SNGN Romgaz (SNGN Romgaz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SNGN Romgaz SA (OTCPK:SLTQY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SNG:Romania SNGR:UK RZ8G:Germany

Address

4 Constantin I. Motas Square, Sibiu County, Medias, ROU, 551130

Website

https://www.romgaz.ro

SNGN Romgaz SA acts as a natural gas producer and the main supplier in Romania. It holds interests in nearly 8 onshore exploration blocks located across Transylvania, Moldova, Oltenia, and Muntenia basins. The company operates through seven segments: Natural gas exploration & production, UGS activity, Natural gas supply, Special operations & services, Maintenance & transportation services, Electricity generation & supply, and Natural gas supply.