Paramount Resources (TSX:POU) Cash And Cash Equivalents : C$2 Mil (As of Dec. 2024)

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What is Paramount Resources Cash And Cash Equivalents?

Paramount Resources's quarterly cash and cash equivalents declined from Jun. 2024 (C$37.90 Mil) to Sep. 2024 (C$2.10 Mil) but then increased from Sep. 2024 (C$2.10 Mil) to Dec. 2024 (C$2.40 Mil).

Paramount Resources's annual cash and cash equivalents increased from Dec. 2022 (C$2.50 Mil) to Dec. 2023 (C$48.90 Mil) but then declined from Dec. 2023 (C$48.90 Mil) to Dec. 2024 (C$2.40 Mil).

Paramount Resources Cash And Cash Equivalents Historical Data

The historical data trend for Paramount Resources'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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Paramount Resources Cash And Cash Equivalents Chart

Paramount Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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4.60

1.70

2.50

48.90

2.40

Paramount Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															48.90	57.10	37.90	2.10	2.40

Paramount Resources 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.

Paramount Resources (TSX:POU) 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.

Paramount Resources Cash And Cash Equivalents Related Terms

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Paramount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paramount Resources Ltd (TSX:POU) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PRMRF:USA PQ51:Germany PQ51:Germany

Address

888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5

Website

https://www.paramountres.com

Paramount Resources Ltd is a Canadian energy company that explores and develops both conventional and unconventional petroleum and natural gas. The company explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. Its primary focus in the Grande Prairie Region is its Karr and Wapiti Montney properties. Kaybob Region includes the Kaybob North Duvernay development and other natural gas and oil-producing properties. The Central Alberta and Other Region includes the Willesden Green Duvernay development in central Alberta and shale gas properties in the Horn River Basin and Liard Basin in northeast British Columbia.

Executives

Dirk Jungé	Director
Kimberley Elizabeth Lynch Proctor	Director
Rodrigo Sousa	Senior Officer
Michael S. Han	Senior Officer
Brenda Gail Riddell	10% Security Holder
David Blake Reid	Senior Officer
Garth W.j. Stotts	Senior Officer
Bernard K. Lee	Senior Officer
John B. Williams	Senior Officer
Mark Gordon Franko	Senior Officer
James Geral Bell	Director
Joerg Wittenberg	Senior Officer
Phillip G. Tahmazian	Senior Officer
Jonathan Leslie Younie	Senior Officer
Bradley Nixon Scharfe	10% Security Holder

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