What is Cosi Cash, Cash Equivalents, Marketable Securities?
Cosi's quarterly cash, cash equivalents, marketable securities
declined
from Dec. 2015 ($5.15 Mil) to Mar. 2016 ($3.20 Mil) but then
stayed the same
from Mar. 2016 ($3.20 Mil) to Jun. 2016 ($3.10 Mil).
Cosi's annual cash, cash equivalents, marketable securities
increased
from Dec. 2013 ($6.02 Mil) to Dec. 2014 ($21.05 Mil) but then
declined
from Dec. 2014 ($21.05 Mil) to Dec. 2015 ($5.15 Mil).
Cosi Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Cosi'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.
Cosi Cash, Cash Equivalents, Marketable Securities Chart
Cosi 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.
Cosi (OTCPK:COSIQ) 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.
Cosi Cash, Cash Equivalents, Marketable Securities Related Terms
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Cosi Inc is active in the restaurant industry in the United States. Its menu features made-to-order sandwiches, hand-tossed salads, bowls, breakfast wraps, melts, soups, signature Squagels, artisan flatbread pizzas, S'mores, snacks, and desserts. It also offers handcrafted beverages and a variety of coffee-based and specialty beverages. Its handcrafted beverages include iced tea, raspberry iced tea, country club iced tea, mojito lemonade, raspberry mojito lemonade.
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