Spirit Pub Co (LSE:SPRT) Cash And Cash Equivalents : £144.1 Mil (As of Feb. 2015)

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What is Spirit Pub Co Cash And Cash Equivalents?

Spirit Pub Co's quarterly cash and cash equivalents increased from Feb. 2014 (£81.60 Mil) to Aug. 2014 (£159.10 Mil) but then stayed the same from Aug. 2014 (£159.10 Mil) to Feb. 2015 (£144.10 Mil).

Spirit Pub Co's annual cash and cash equivalents increased from Aug. 2012 (£97.40 Mil) to Aug. 2013 (£101.60 Mil) and increased from Aug. 2013 (£101.60 Mil) to Aug. 2014 (£159.10 Mil).

Spirit Pub Co Cash And Cash Equivalents Historical Data

The historical data trend for Spirit Pub Co'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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Spirit Pub Co Cash And Cash Equivalents Chart

Spirit Pub Co Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Cash And Cash Equivalents

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37.90

139.60

97.40

101.60

159.10

Spirit Pub Co Semi-Annual Data
	Aug08	Aug09	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15
Cash And Cash Equivalents	Get a 7-Day Free Trial							66.30	101.60	81.60	159.10	144.10

Spirit Pub Co 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.

Spirit Pub Co (LSE:SPRT) 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.

Spirit Pub Co Cash And Cash Equivalents Related Terms

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Spirit Pub Co (LSE:SPRT) Business Description

Industry

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Address

Website

http://www.spiritpubcompany.com

Spirit Pub Co PLC was incorporated in England. The Company's trading activities are divided into two divisions; namely a Managed division and a Leased division. The Managed division involves pubs that are directly managed by the Group, and a Leased division which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Group, purchasing beer and other drinks from the Group and entering into profit sharing arrangements for income from leisure machines. The Company holds 794 Managed pubs and 433 Leased pubs. The group operates solely in the United Kingdom.