Wolf Energy Services (Wolf Energy Services) Cash, Cash Equivalents, Marketable Securities : $0.17 Mil (As of Jun. 2023)

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

Wolf Energy Services's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 ($0.34 Mil) to Mar. 2023 ($0.57 Mil) but then stayed the same from Mar. 2023 ($0.57 Mil) to Jun. 2023 ($0.17 Mil).

Wolf Energy Services's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Mar. 2022 ($0.10 Mil) and increased from Mar. 2022 ($0.10 Mil) to Mar. 2023 ($0.57 Mil).

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

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

Wolf Energy Services Annual Data

Trend

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

0.10

0.57

Wolf Energy Services Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	0.43	0.34	0.57	0.17

Wolf 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.

Wolf Energy Services (OTCPK:WOEN) 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.

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

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Wolf Energy Services (Wolf Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wolf Energy Services Inc (OTCPK:WOEN) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

408 State Highway 135N, Kilgore, TX, USA, 75662

Website

https://www.wolf-energy.com

Wolf Energy Services Inc, through its wholly-owned subsidiary, provides transportation of frac sand and logistics services to hydraulic fracturing and drilling operations. Capstone procures and finances equipment for oilfield transportation service contractors. It operates in the transportation and logistics services business serving hydraulic fracking companies and assisting in their operations through Banner. The Company operates through Banner Midstream which has two operating subsidiaries: Pinnacle Frac Transport LLC and Capstone Equipment Leasing LLC.

Executives

Jay M. Puchir	officer: CEO & President of Subsidiary	3333 PINNACLE HILLS PARKWAY, SUITE 220, ROGERS AR 72758
Jimmy Ray Galla	director, officer: CEO and CFO	408 STATE HWY 135N, KILGORE TX 75662
Ecoark Holdings, Inc.	10 percent owner	303 PEARL PARKWAY SUITE 200, SAN ANTONIO TX 78215
Jimmy Don Reedy	director	303 PEARL PARKWAY, SUITE 200, SAN ANTONIO TX 78215
Raynard Veldman	director	2011 ROYAL CREST, MANSFIELD TX 76063
Adele Dibella	10 percent owner	3500 BAYVIEW DRIVE, FT. LAUDERDALE FL 33308
John Dibella	director, officer: Chief Executive Officer	821 NW 57TH PLACE, FORT LAUDERDALE FL 33309
Alberto Dibella	director, 10 percent owner, officer: Chief Executive Officer	3500 BAYVIEW DRIVE, FORT LAUDERDALE FL 33301

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