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Trinidad Drilling (TSX:TDG) Cash, Cash Equivalents, Marketable Securities : C$6.8 Mil (As of Sep. 2018)


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What is Trinidad Drilling Cash, Cash Equivalents, Marketable Securities?

Trinidad Drilling's quarterly cash, cash equivalents, marketable securities declined from Mar. 2018 (C$13.58 Mil) to Jun. 2018 (C$8.30 Mil) but then stayed the same from Jun. 2018 (C$8.30 Mil) to Sep. 2018 (C$6.77 Mil).

Trinidad Drilling's annual cash, cash equivalents, marketable securities declined from Dec. 2015 (C$63.69 Mil) to Dec. 2016 (C$25.78 Mil) and declined from Dec. 2016 (C$25.78 Mil) to Dec. 2017 (C$3.95 Mil).


Trinidad Drilling Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Trinidad Drilling'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.

Trinidad Drilling Cash, Cash Equivalents, Marketable Securities Chart

Trinidad Drilling Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 268.16 71.06 63.69 25.78 3.95

Trinidad Drilling Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 3.95 13.58 8.30 6.77

Trinidad Drilling 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.


Trinidad Drilling  (TSX:TDG) 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.


Trinidad Drilling Cash, Cash Equivalents, Marketable Securities Related Terms

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Trinidad Drilling (TSX:TDG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinidad Drilling Ltd (TSX:TDG) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.

Trinidad Drilling (TSX:TDG) Headlines