Quicksilver Resources (FRA:QSR) Cash, Cash Equivalents, Marketable Securities : €156.5 Mil (As of Sep. 2015)

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What is Quicksilver Resources Cash, Cash Equivalents, Marketable Securities?

Quicksilver Resources's quarterly cash, cash equivalents, marketable securities declined from Mar. 2015 (€269.66 Mil) to Jun. 2015 (€178.39 Mil) but then stayed the same from Jun. 2015 (€178.39 Mil) to Sep. 2015 (€156.53 Mil).

Quicksilver Resources's annual cash, cash equivalents, marketable securities increased from Dec. 2012 (€4.16 Mil) to Dec. 2013 (€186.48 Mil) but then declined from Dec. 2013 (€186.48 Mil) to Dec. 2014 (€181.28 Mil).

Quicksilver Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Quicksilver Resources'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.

Quicksilver Resources Cash, Cash Equivalents, Marketable Securities Chart

Quicksilver Resources Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash, Cash Equivalents, Marketable Securities

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41.53

10.29

4.16

186.48

181.28

Quicksilver Resources Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															192.70	181.28	269.66	178.39	156.53

Quicksilver Resources 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.

Quicksilver Resources (FRA:QSR) 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.

Quicksilver Resources Cash, Cash Equivalents, Marketable Securities Related Terms

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Quicksilver Resources (FRA:QSR) Business Description

Industry

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Address

Website

http://www.qrinc.com

Quicksilver Resources Inc was organized as a Delaware corporation in 1997 and became a public company in 1999. It is an independent oil and gas company engaged in the acquisition, exploration, development and production of onshore oil and natural gas in North America and are based in Fort Worth, Texas. The Company focuses on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shales and coalbeds. Its producing oil and natural gas properties in the United States are principally located in Texas and in Canada in Alberta and British Columbia. Its three core development areas include: Barnett Shale; Horn River; and Horseshoe Canyon. Additionally, It has an oil exploration opportunity in the Delaware basin in western Texas. The Company competes for acquisitions of prospective oil and natural gas properties and oil and gas reserves. Its oil and natural gas operations are focused onshore in North America, in basins containing unconventional reservoirs with predictable, long-lived production. Its current production and development operations are concentrated in its three core areas: the Barnett Shale, Horn River and Horseshoe Canyon. The Company compete for acquisitions of prospective oil and natural gas properties and oil and natural gas reserves. It also compete for drilling rigs and equipment used to drill for and produce oil and natural gas. The Company is subject to a number of federal, state, provincial and local laws and regulations, whose purpose is to protect the health and safety of workers, both generally and within Its industry.