Linc Energy (ASX:LNC) Cash, Cash Equivalents, Marketable Securities : A$11.11 Mil (As of Dec. 2015)

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What is Linc Energy Cash, Cash Equivalents, Marketable Securities?

Linc Energy's quarterly cash, cash equivalents, marketable securities declined from Jun. 2015 (A$52.16 Mil) to Sep. 2015 (A$50.07 Mil) but then stayed the same from Sep. 2015 (A$50.07 Mil) to Dec. 2015 (A$11.11 Mil).

Linc Energy's annual cash, cash equivalents, marketable securities declined from Jun. 2013 (A$124.97 Mil) to Jun. 2014 (A$57.97 Mil) and declined from Jun. 2014 (A$57.97 Mil) to Jun. 2015 (A$52.16 Mil).

Linc Energy Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Linc Energy's Cash, Cash Equivalents, Marketable Securities 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.

* Premium members only.

Linc Energy Cash, Cash Equivalents, Marketable Securities Chart

Linc Energy Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Cash, Cash Equivalents, Marketable Securities

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319.38

25.68

124.97

57.97

52.16

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, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															119.81	41.55	52.16	50.07	11.11

Linc Energy Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Linc Energy (ASX:LNC) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Linc Energy Cash, Cash Equivalents, Marketable Securities Related Terms

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Linc Energy (ASX:LNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Linc Energy Ltd. (ASX:LNC) » Definitions » Cash, Cash Equivalents, Marketable Securities

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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.