China Precision Steel (China Precision Steel) Cash And Cash Equivalents : $0.05 Mil (As of Dec. 2014)

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What is China Precision Steel Cash And Cash Equivalents?

China Precision Steel's quarterly cash and cash equivalents declined from Jun. 2014 ($0.49 Mil) to Sep. 2014 ($0.07 Mil) but then stayed the same from Sep. 2014 ($0.07 Mil) to Dec. 2014 ($0.05 Mil).

China Precision Steel's annual cash and cash equivalents declined from Jun. 2012 ($1.60 Mil) to Jun. 2013 ($0.08 Mil) but then increased from Jun. 2013 ($0.08 Mil) to Jun. 2014 ($0.49 Mil).

China Precision Steel Cash And Cash Equivalents Historical Data

The historical data trend for China Precision Steel'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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China Precision Steel Cash And Cash Equivalents Chart

China Precision Steel Annual Data

Trend

Dec04

Dec05

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Cash And Cash Equivalents

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29.04

2.71

1.60

0.08

0.49

China Precision Steel Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.14	0.33	0.49	0.07	0.05

China Precision Steel 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.

China Precision Steel (OTCPK:CPSL) 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.

China Precision Steel Cash And Cash Equivalents Related Terms

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China Precision Steel (China Precision Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Precision Steel Inc (OTCPK:CPSL) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Website

http://www.chinaprecisionsteelinc.com

China Precision Steel Inc is a steel processing company. The firm through its subsidiaries manufacture and sell cold rolled precision steel products for applications including automobile components and spare parts, kitchen tools, electrical appliances, roofing and food packaging materials. The company conducts its operations mainly in China.

Executives

Michael Friess

director, officer: Secretary

5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303

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