Savanna Energy Services (TSX:SVY) Cash, Cash Equivalents, Marketable Securities : C$25.4 Mil (As of Mar. 2017)

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What is Savanna Energy Services Cash, Cash Equivalents, Marketable Securities?

Savanna Energy Services's quarterly cash, cash equivalents, marketable securities increased from Sep. 2016 (C$6.36 Mil) to Dec. 2016 (C$18.96 Mil) and increased from Dec. 2016 (C$18.96 Mil) to Mar. 2017 (C$25.43 Mil).

Savanna Energy Services's annual cash, cash equivalents, marketable securities declined from Dec. 2014 (C$6.31 Mil) to Dec. 2015 (C$5.77 Mil) but then increased from Dec. 2015 (C$5.77 Mil) to Dec. 2016 (C$18.96 Mil).

Savanna Energy Services Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Savanna Energy Services'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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Savanna Energy Services Cash, Cash Equivalents, Marketable Securities Chart

Savanna Energy Services Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash, Cash Equivalents, Marketable Securities

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15.57

20.77

6.31

5.77

18.96

Savanna Energy Services Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															7.98	12.27	6.36	18.96	25.43

Savanna Energy Services 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.

Savanna Energy Services (TSX:SVY) 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.

Savanna Energy Services Cash, Cash Equivalents, Marketable Securities Related Terms

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Savanna Energy Services (TSX:SVY) Business Description

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Address

Website

http://www.savannaenergy.com

Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.

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