South Bow (TSX:SOBO) Cash And Cash Equivalents : C$841.0 Mil (As of Sep. 2024)

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What is South Bow Cash And Cash Equivalents?

South Bow's quarterly cash and cash equivalents stayed the same from Mar. 2024 (C$0.00 Mil) to Jun. 2024 (C$0.00 Mil) but then increased from Jun. 2024 (C$0.00 Mil) to Sep. 2024 (C$841.00 Mil).

South Bow Cash And Cash Equivalents Historical Data

The historical data trend for South Bow'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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South Bow Cash And Cash Equivalents Chart

South Bow Annual Data

Trend

Dec23

Cash And Cash Equivalents

South Bow Quarterly Data
	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	-	-	-	-	841.00

South Bow 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.

South Bow (TSX:SOBO) 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.

South Bow Cash And Cash Equivalents Related Terms

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South Bow Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South Bow Corp (TSX:SOBO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SOBO:USA

Address

450 – 1 Street SW, Calgary, AB, CAN, T2P 5H1

Website

https://www.southbow.com

South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts.

Executives

Blaine M. Trout	Senior Officer
Bevin Mark Wirzba	Senior Officer
Richard Prior	Senior Officer
Melville George Lewis	Director
Marc Palazzo	Senior Officer
P. Van R. Dafoe	Senior Officer

South Bow Headlines

From GuruFocus

South Bow Recommends Shareholders Reject TRC Capital's Below-market "Mini-tender" Offer

By Marketwired • 11-01-2024

South Bow Declares Inaugural Dividend of U.S.$0.50 per Share

By Marketwired • 11-08-2024