CGA Mining Limited (ASX:CGX) Cash And Cash Equivalents : A$74.2 Mil (As of Sep. 2012)

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What is CGA Mining Limited Cash And Cash Equivalents?

CGA Mining Limited's quarterly cash and cash equivalents increased from Mar. 2012 (A$71.77 Mil) to Jun. 2012 (A$79.75 Mil) but then stayed the same from Jun. 2012 (A$79.75 Mil) to Sep. 2012 (A$74.16 Mil).

CGA Mining Limited's annual cash and cash equivalents declined from Jun. 2010 (A$102.63 Mil) to Jun. 2011 (A$101.11 Mil) and declined from Jun. 2011 (A$101.11 Mil) to Jun. 2012 (A$79.75 Mil).

CGA Mining Limited Cash And Cash Equivalents Historical Data

The historical data trend for CGA Mining Limited's Cash And Cash Equivalents 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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CGA Mining Limited Cash And Cash Equivalents Chart

CGA Mining Limited Annual Data

Trend

Jun03

Jun04

Jun05

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Jun09

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Jun12

Cash And Cash Equivalents

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45.12

28.14

102.63

101.11

79.75

CGA Mining Limited Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Cash And Cash Equivalents	Get a 7-Day Free Trial															81.39	72.12	71.77	79.75	74.16

CGA Mining Limited Cash And Cash Equivalents 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.

CGA Mining Limited (ASX:CGX) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

CGA Mining Limited Cash And Cash Equivalents Related Terms

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CGA Mining Limited (ASX:CGX) Business Description

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