SandRidge Permian Trust (SandRidge Permian Trust) Cash, Cash Equivalents, Marketable Securities : $12.73 Mil (As of Jun. 2021)

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What is SandRidge Permian Trust Cash, Cash Equivalents, Marketable Securities?

SandRidge Permian Trust's quarterly cash, cash equivalents, marketable securities declined from Dec. 2020 ($7.22 Mil) to Mar. 2021 ($3.87 Mil) but then increased from Mar. 2021 ($3.87 Mil) to Jun. 2021 ($12.73 Mil).

SandRidge Permian Trust's annual cash, cash equivalents, marketable securities increased from Dec. 2018 ($2.37 Mil) to Dec. 2019 ($4.70 Mil) and increased from Dec. 2019 ($4.70 Mil) to Dec. 2020 ($7.22 Mil).

SandRidge Permian Trust Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for SandRidge Permian Trust'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.

SandRidge Permian Trust Cash, Cash Equivalents, Marketable Securities Chart

SandRidge Permian Trust Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash, Cash Equivalents, Marketable Securities

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3.05

2.29

2.37

4.70

7.22

SandRidge Permian Trust Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2.76	3.29	7.22	3.87	12.73

SandRidge Permian Trust 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.

SandRidge Permian Trust (OTCPK:PERS) 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.

SandRidge Permian Trust Cash, Cash Equivalents, Marketable Securities Related Terms

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SandRidge Permian Trust (SandRidge Permian Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SandRidge Permian Trust (OTCPK:PERS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, 16th Floor, Houston, TX, USA, 77002

Website

https://per.q4web.com

SandRidge Permian Trust holds a royalty interest in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The properties of royalty interests are located in the greater Fuhrman-Mascho field, Texas that produces primarily oil from the Grayburg/San Andres formation in the Permian Basin. The other properties of the company include Initial Wells and nearly 856 additional wells which are drilled and perforated for completion.

Executives

Montare Resources I, Llc	10 percent owner, other: Member of 10% Group	400 EAST LAS COLINAS BLVD SUITE 680 IRVING TX 75039
Avalon Energy, Llc	other: Beneficial ownership	5000 QUORUM DRIVE, SUITE 205 DALLAS TX 75254
Sandridge Energy Inc	10 percent owner	123 ROBERT S. KERR AVENUE OKLAHOMA CITY OK 73102-6406