Rubellite Energy (TSX:RBY) Cash And Cash Equivalents : C$0.00 Mil (As of Dec. 2023)

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What is Rubellite Energy Cash And Cash Equivalents?

Rubellite Energy's annual cash and cash equivalents declined from Dec. 2021 (C$15.29 Mil) to Dec. 2022 (C$1.95 Mil) and declined from Dec. 2022 (C$1.95 Mil) to Dec. 2023 (C$0.00 Mil).

Rubellite Energy Cash And Cash Equivalents Historical Data

The historical data trend for Rubellite 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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Rubellite Energy Cash And Cash Equivalents Chart

Rubellite Energy Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

15.29

1.95

Rubellite Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial					1.95	7.46	-	-	-

Rubellite 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.

Rubellite Energy (TSX:RBY) 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.

Rubellite Energy Cash And Cash Equivalents Related Terms

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Rubellite Energy (TSX:RBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubellite Energy Inc (TSX:RBY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

RUBLF:USA 6L0:Germany

Address

605 5 Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

https://www.rubelliteenergy.com

Rubellite Energy Inc is a Canadian energy company. It is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

Executives

Ryan Goosen	Senior Officer
Jeff Green	Senior Officer
Tamara Macdonald	Director
Susan Riddell Rose	10% Security Holder, Director, Senior Officer
Ryan Shay	Director, Senior Officer
Bruce Shultz	Director

Rubellite Energy (TSX:RBY) Headlines

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