Blue Sky Global Energy (TSXV:BGE) Cash And Cash Equivalents : C$0.29 Mil (As of Dec. 2023)

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What is Blue Sky Global Energy Cash And Cash Equivalents?

Blue Sky Global Energy's quarterly cash and cash equivalents declined from Jun. 2023 (C$1.13 Mil) to Sep. 2023 (C$0.90 Mil) but then stayed the same from Sep. 2023 (C$0.90 Mil) to Dec. 2023 (C$0.29 Mil).

Blue Sky Global Energy's annual cash and cash equivalents increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.18 Mil) and increased from Dec. 2022 (C$0.18 Mil) to Dec. 2023 (C$0.29 Mil).

Blue Sky Global Energy Cash And Cash Equivalents Historical Data

The historical data trend for Blue Sky Global 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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Blue Sky Global Energy Cash And Cash Equivalents Chart

Blue Sky Global Energy Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.26

0.15

0.18

0.29

Blue Sky Global Energy Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.18	0.08	1.13	0.90	0.29

Blue Sky Global 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.

Blue Sky Global Energy (TSXV:BGE) 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.

Blue Sky Global Energy Cash And Cash Equivalents Related Terms

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Blue Sky Global Energy (TSXV:BGE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blue Sky Global Energy Corp (TSXV:BGE) » Definitions » Cash And Cash Equivalents

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Address

100 King Street West, Suite 6000, 1 First Canadian Place, Toronto, ON, CAN, M5X 1E2

Website

Blue Sky Global Energy Corp operates as an oil and gas exploration company. The Company explores oil and gas resources located in the Corozal Basin, Belize.

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