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Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
Home / Markets / Industries / Energy
Tuesday, July 01, 2008
Hercules Offshore, Inc. Announces Second-Quarter 2008 Earnings Release Date and Conference Call Information
Comtex
HOUSTON, July 1, 2008 /PRNewswire-FirstCall via COMTEX/ ----Hercules Offshore, Inc. (Nasdaq: HERO) announced today that it has scheduled a conference call to discuss its second-quarter 2008 financial results on July 29, 2008. The call will take place at 10:00 a.m. CDT (11:00 a.m. EDT). The financial results are scheduled to be released publicly prior to market opening in the United States on that same day.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050601/DAW092LOGO)
To participate in the conference call by telephone, please call 10 minutes prior to the scheduled start time, one of the following telephone numbers:
866-800-8649 (Domestic) 617-614-2703 (International) The access or confirmation code is 61787325.
The conference call will also be broadcast live via the Internet. You may listen by accessing Hercules Offshore's Web site at http://www.herculesoffshore.com. You should connect to our website at least 15 minutes prior to the conference call to register, download and install any necessary audio software.
If you are unable to participate, a replay of the conference call will be available on July 29, 2008, beginning at 12:00 p.m. CDT (1:00 p.m. EDT), through August 5, 2008. The phone number for the conference call replay is 888-286-8010 or internationally 617-801-6888. The access code is 49089675. Additionally, the recorded conference call will be accessible through our Web site at http://www.herculesoffshore.com for 28 days after the conference call.
All individuals listening to the conference call or the replay are reminded that all conference call material is copyrighted by the Company and cannot be recorded or rebroadcast without the Company's expressed written consent.
Headquartered in Houston, Hercules Offshore, Inc. operates a fleet of 35 jackup rigs, 27 barge rigs, 65 liftboats, three submersible rigs, one platform rig and a fleet of marine support vessels, and has operations in nine different countries on four continents. The company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in shallow waters.
SOURCE Hercules Offshore, Inc.
http://www.herculesoffshore.com
Copyright (C) 2008 PR Newswire. All rights reserved
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