White River Energy (White River Energy) Cash And Cash Equivalents : $6.55 Mil (As of Dec. 2023)

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What is White River Energy Cash And Cash Equivalents?

White River Energy's quarterly cash and cash equivalents increased from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($0.05 Mil) and increased from Sep. 2023 ($0.05 Mil) to Dec. 2023 ($6.55 Mil).

White River Energy's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Mar. 2022 ($0.05 Mil) and increased from Mar. 2022 ($0.05 Mil) to Mar. 2023 ($0.58 Mil).

White River Energy Cash And Cash Equivalents Historical Data

The historical data trend for White River 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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White River Energy Cash And Cash Equivalents Chart

White River Energy Annual Data

Trend

Mar22

Mar23

Cash And Cash Equivalents

0.05

0.58

White River Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial					0.96	0.58	-	0.05	6.55

White River 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.

White River Energy (OTCPK:WTRVW) 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.

White River Energy Cash And Cash Equivalents Related Terms

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White River Energy (White River Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » White River Energy Corp (OTCPK:WTRVW) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

WTRV:USA

Address

609 W. Dickson Street, Suite 102 G, Fayetteville, AR, USA, 72701

Website

https://www.white-river.com

White River Energy Corp is engaged in oil and gas exploration, production and drilling operations. The company operates over 30,000 cumulative acres of active oil and gas mineral leases in Louisiana and Mississippi.

White River Energy (White River Energy) Headlines

From GuruFocus

White River Energy Corp at Virtual Investor Conferences Transcript

By GuruFocus Research • 02-15-2024