National Energy Services Reunited (National Energy Services Reunited) Cash, Cash Equivalents, Marketable Securities : $78.85 Mil (As of Dec. 2022)

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What is National Energy Services Reunited Cash, Cash Equivalents, Marketable Securities?

National Energy Services Reunited's quarterly cash, cash equivalents, marketable securities increased from Sep. 2021 ($101.02 Mil) to Dec. 2021 ($205.77 Mil) but then stayed the same from Dec. 2021 ($205.77 Mil) to Dec. 2022 ($78.85 Mil).

National Energy Services Reunited's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($205.77 Mil) to Dec. 2022 ($78.85 Mil) and declined from Dec. 2022 ($78.85 Mil) to Dec. 2023 ($67.82 Mil).

National Energy Services Reunited Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for National Energy Services Reunited's Cash, Cash Equivalents, Marketable Securities 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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National Energy Services Reunited Cash, Cash Equivalents, Marketable Securities Chart

National Energy Services Reunited Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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73.20

75.01

205.77

78.85

67.82

National Energy Services Reunited Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															66.07	101.02	205.77	78.85	67.82

National Energy Services Reunited Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

National Energy Services Reunited (OTCPK:NESRW) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

National Energy Services Reunited Cash, Cash Equivalents, Marketable Securities Related Terms

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National Energy Services Reunited (National Energy Services Reunited) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Energy Services Reunited Corp (OTCPK:NESRW) » Definitions » Cash, Cash Equivalents, Marketable Securities

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NESR:USA

Address

777 Post Oak Boulevard, Suite 730, Houston, TX, USA, 77056

Website

https://www.nesr.com

National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well.