Linc Energy (ASX:LNC) Cash And Cash Equivalents : A$4.72 Mil (As of Dec. 2015)

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What is Linc Energy Cash And Cash Equivalents?

Linc Energy's quarterly cash and cash equivalents increased from Jun. 2015 (A$23.21 Mil) to Sep. 2015 (A$26.80 Mil) but then stayed the same from Sep. 2015 (A$26.80 Mil) to Dec. 2015 (A$4.72 Mil).

Linc Energy's annual cash and cash equivalents declined from Jun. 2013 (A$124.01 Mil) to Jun. 2014 (A$48.72 Mil) and declined from Jun. 2014 (A$48.72 Mil) to Jun. 2015 (A$23.21 Mil).

Linc Energy Cash And Cash Equivalents Historical Data

The historical data trend for Linc Energy'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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Linc Energy Cash And Cash Equivalents Chart

Linc Energy Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Cash And Cash Equivalents

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310.34

25.68

124.01

48.72

23.21

Linc Energy Quarterly Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Cash And Cash Equivalents	Get a 7-Day Free Trial															103.74	18.76	23.21	26.80	4.72

Linc Energy 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.

Linc Energy (ASX:LNC) 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.

Linc Energy Cash And Cash Equivalents Related Terms

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Linc Energy (ASX:LNC) Business Description

Industry

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Address

32 Edward Street, Smellie & Company Building, Brisbane, QLD, AUS, 4000

Website

http://www.lincenergy.com

Linc Energy Ltd engages in exploration, development, and production of conventional oil and gas and unconventional syngas through the utilization of its underground coal gasification technology. The company's gulf coast properties are spread across Texas and Louisiana and include various producing wells over active fields, both onshore and in shallow state waters. Its segments consist of Oil and Gas engaged in exploration, development, and production of traditional oil and gas assets in North America; Clean Energy engaged in development and commercialization of Coal-to-Liquids processes through the combined utilization of Underground Coal Gasification and Gas to Liquids technologies; and Shale oil engaged in exploration of the company's petroleum exploration tenements in South Australia.