Nabors Energy Transition (Nabors Energy Transition) Cash, Cash Equivalents, Marketable Securities : $0.08 Mil (As of Sep. 2023)

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What is Nabors Energy Transition Cash, Cash Equivalents, Marketable Securities?

Nabors Energy Transition's quarterly cash, cash equivalents, marketable securities increased from Mar. 2023 ($0.32 Mil) to Jun. 2023 ($0.77 Mil) but then stayed the same from Jun. 2023 ($0.77 Mil) to Sep. 2023 ($0.08 Mil).

Nabors Energy Transition's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2021 ($2.51 Mil) but then declined from Dec. 2021 ($2.51 Mil) to Dec. 2022 ($0.47 Mil).

Nabors Energy Transition Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Nabors Energy Transition'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.

* Premium members only.

Nabors Energy Transition Cash, Cash Equivalents, Marketable Securities Chart

Nabors Energy Transition Annual Data

Trend

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

2.51

0.47

Nabors Energy Transition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						0.63	0.47	0.32	0.77	0.08

Nabors Energy Transition 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.

Nabors Energy Transition (NYSE:NETC) 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.

Nabors Energy Transition Cash, Cash Equivalents, Marketable Securities Related Terms

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Nabors Energy Transition (Nabors Energy Transition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nabors Energy Transition Corp (NYSE:NETC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 West Greens Road, Suite 1200, Houston, TX, USA, 77067

Website

https://www.nabors-etcorp.com

Nabors Energy Transition Corp is a blank check company.

Executives

John Yearwood	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Anthony G Petrello	director, 10 percent owner, officer: President, CEO and Secretary	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo	officer: Chief Financial Officer	P.O. BOX 60068, HOUSTON TX 77205-0068
Guillermo Sierra	officer: VP, Energy Transition	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Jennifer Gill Roberts	director	C/O SEVIN ROSEN FUNDS, 13455 NOEL ROAD, SUITE 1670, DALLAS TX 75240
Calhoun Colleen	director	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Siggi Meissner	officer: President, Eng. & Tech.	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Energy Transition Sponsor Llc	10 percent owner	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Greens Road Energy Llc	10 percent owner	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Lux 2 S.a.r.l.	10 percent owner	8-10 AVENUE DE LA GARE, LUXEMBOURG CITY N4 L-1610