United Energy (United Energy) Cash And Cash Equivalents : $0.07 Mil (As of Dec. 2010)

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What is United Energy Cash And Cash Equivalents?

United Energy's quarterly cash and cash equivalents increased from Jun. 2010 ($0.02 Mil) to Sep. 2010 ($0.15 Mil) but then stayed the same from Sep. 2010 ($0.15 Mil) to Dec. 2010 ($0.07 Mil).

United Energy's annual cash and cash equivalents declined from Mar. 2007 ($2.86 Mil) to Mar. 2008 ($0.86 Mil) and declined from Mar. 2008 ($0.86 Mil) to Mar. 2009 ($0.06 Mil).

United Energy Cash And Cash Equivalents Historical Data

The historical data trend for United 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.

* Premium members only.

United Energy Cash And Cash Equivalents Chart

United Energy Annual Data

Trend

Mar00

Mar01

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Cash And Cash Equivalents

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0.37

5.20

2.86

0.86

0.06

United Energy Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.38	0.31	0.02	0.15	0.07

United 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.

United Energy (OTCPK:UNRG) 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.

United Energy Cash And Cash Equivalents Related Terms

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United Energy (United Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Corp (OTCPK:UNRG) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

https://www.unitedenergycorp.net

United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana.

Executives

Jack Silver	director, 10 percent owner	660 MADISON AVENUE, NEW YORK NY 10021
Adam Hershey	director	140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Grano Joseph J Jr	other: Former 10% Owner	C/O MEDGENICS, INC., 435 DEVON PARK DRIVE BLDG 700, WAYNE PA 19087

United Energy (United Energy) Headlines

From GuruFocus

United Energy Announces Major Acquisition Update

By PRNewswire PRNewswire • 10-05-2021

United Energy Announces Update To Major Acquisition

By PRNewswire PRNewswire • 10-27-2021

UNITED ENERGY ANNOUNCES SECURED FINANCING OF UP TO $5 MILLION

By PRNewswire PRNewswire • 10-26-2022

United Energy Corporation Announces Joint Venture for Liquified Natural Gas (LNG) Processing

By PRNewswire • 08-01-2023

UNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS

By PRNewswire PRNewswire • 08-05-2022

United Energy Announces New Corporate Direction

By PRNewswire PRNewswire • 08-02-2021