TransGlobe Energy (TSX:TGL) Cash And Cash Equivalents : C$78.3 Mil (As of Jun. 2022)

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What is TransGlobe Energy Cash And Cash Equivalents?

TransGlobe Energy's quarterly cash and cash equivalents declined from Dec. 2021 (C$48.55 Mil) to Mar. 2022 (C$47.15 Mil) but then increased from Mar. 2022 (C$47.15 Mil) to Jun. 2022 (C$78.33 Mil).

TransGlobe Energy's annual cash and cash equivalents increased from Dec. 2019 (C$43.79 Mil) to Dec. 2020 (C$44.20 Mil) and increased from Dec. 2020 (C$44.20 Mil) to Dec. 2021 (C$48.55 Mil).

TransGlobe Energy Cash And Cash Equivalents Historical Data

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

TransGlobe Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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60.59

69.47

43.79

44.20

48.55

TransGlobe Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Cash And Cash Equivalents	Get a 7-Day Free Trial															53.33	68.36	48.55	47.15	78.33

TransGlobe 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.

TransGlobe Energy (TSX:TGL) 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.

TransGlobe Energy Cash And Cash Equivalents Related Terms

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TransGlobe Energy (TSX:TGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransGlobe Energy Corp (TSX:TGL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

444 - 5th Street SW, Suit 900, Calgary, AB, CAN, T2P 2T8

Website

http://www.trans-globe.com

TransGlobe Energy Corp and its subsidiaries are engaged in oil and natural gas exploration, development and production, and the acquisition of oil and natural gas properties in Egypt and Alberta, Canada. The company has two reportable segments namely, the Arab Republic of Egypt and Canada. The company holds 100% working interests in four Production Sharing Concessions in Egypt, namely, West Gharib Concession, North West Gharib Concession, West Bakr Concession and South Ghazalat Concession.