Var Energi ASA (Var Energi ASA) Cash per Share : $0.56 (As of Mar. 2024)

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What is Var Energi ASA Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Var Energi ASA's Cash per Share for the quarter that ended in Mar. 2024 was $0.56.

Var Energi ASA Cash per Share Historical Data

The historical data trend for Var Energi ASA's Cash per Share 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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Var Energi ASA Cash per Share Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash per Share

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0.16

0.21

0.17

0.35

0.58

Var Energi ASA Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash per Share	Get a 7-Day Free Trial											0.61	0.08	0.47	0.58	0.56

Var Energi ASA Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Var Energi ASA's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	724.726	/	1,248
	=	0.58

Var Energi ASA's Cash per Share for the quarter that ended in Mar. 2024 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	699.703	/	1,248
	=	0.56

Var Energi ASA (OTCPK:VARRY) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Var Energi ASA Cash per Share Related Terms

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Var Energi ASA (Var Energi ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (OTCPK:VARRY) » Definitions » Cash per Share

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VARo:Sweden VAR:Norway J4V:Germany

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

Var Energi ASA (Var Energi ASA) Headlines

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