What is Seventy Seven Energy Cash, Cash Equivalents, Marketable Securities?
Seventy Seven Energy's quarterly cash, cash equivalents, marketable securities
increased
from Mar. 2016 ($80.91 Mil) to Jun. 2016 ($81.41 Mil) but then
stayed the same
from Jun. 2016 ($81.41 Mil) to Sep. 2016 ($23.00 Mil).
Seventy Seven Energy's annual cash, cash equivalents, marketable securities
declined
from Dec. 2013 ($1.68 Mil) to Dec. 2014 ($0.89 Mil) but then
increased
from Dec. 2014 ($0.89 Mil) to Dec. 2015 ($130.65 Mil).
Seventy Seven Energy Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Seventy Seven Energy'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.
Seventy Seven Energy Cash, Cash Equivalents, Marketable Securities Chart
Seventy Seven Energy 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.
Seventy Seven Energy (OTCPK:SVNT) 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.
Seventy Seven Energy Cash, Cash Equivalents, Marketable Securities Related Terms
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Seventy Seven Energy (Seventy Seven Energy) Business Description
Seventy Seven Energy Inc was incorporated in the State of Oklahoma. It is a diversified oilfield services and equipment company. Its services include drilling, hydraulic fracturing, oilfield rentals, rig relocation and fluid handling and disposal. It operates its business through three operating segments including Drilling, Hydraulic Fracturing and Oilfield Rentals. It drilling segment is operated through wholly-owned subsidiary, Nomac Drilling, L.L.C., and provides land drilling services for oil & natural gas E&P activities. Hydraulic fracturing segment is operated through wholly-owned subsidiary, Performance Technologies, L.L.C., and provides high-pressure hydraulic fracturing services and other well stimulation services. Oilfield rentals segment is operated through wholly-owned subsidiary, Great Plains Oilfield Rental, L.L.C., and provides premium rental tools and specialized services for land-based oil and natural gas drilling, completion and workover activities. It offers line of rental tools, including a full line of tubular products specifically designed for horizontal drilling and completion, with high-torque, premium-connection drill pipe, drill collars and tubing. It provides drilling and other services and supply materials and equipment to CHK. Its competitors include Helmerich & Payne, Inc, Patterson-UTI Energy, Inc, Trinidad Drilling Ltd, Superior Energy Services, Inc., RPC, Inc., Keane Group, FTS International, Inc, Key Energy Services, Inc., RPC, Inc., Oil States International, Inc., and Weatherford International PLC. It operates under the jurisdiction of a number of federal, state and local regulatory bodies that regulate worker safety, the handling of hazardous materials, the transportation of explosives, the protection of the environment and safe driving procedures.
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