GD Entertainment & Technology (GD Entertainment & Technology) Cash, Cash Equivalents, Marketable Securities : $-0.01 Mil (As of Feb. 2006)

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What is GD Entertainment & Technology Cash, Cash Equivalents, Marketable Securities?

GD Entertainment & Technology's quarterly cash, cash equivalents, marketable securities declined from Aug. 2005 ($0.09 Mil) to Nov. 2005 ($0.07 Mil) but then stayed the same from Nov. 2005 ($0.07 Mil) to Feb. 2006 ($-0.01 Mil).

GD Entertainment & Technology's annual cash, cash equivalents, marketable securities stayed the same from May. 2001 ($0.00 Mil) to May. 2004 ($0.00 Mil) but then increased from May. 2004 ($0.00 Mil) to May. 2005 ($0.12 Mil).

GD Entertainment & Technology Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for GD Entertainment & Technology'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.

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GD Entertainment & Technology Cash, Cash Equivalents, Marketable Securities Chart

GD Entertainment & Technology Annual Data

Trend

May01

May04

May05

Cash, Cash Equivalents, Marketable Securities

0.12

GD Entertainment & Technology Quarterly Data
	May01	Aug01	Nov01	Feb02	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						0.26	0.12	0.09	0.07	-0.01

GD Entertainment & Technology 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.

GD Entertainment & Technology (OTCPK:GDET) 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.

GD Entertainment & Technology Cash, Cash Equivalents, Marketable Securities Related Terms

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GD Entertainment & Technology (GD Entertainment & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » GD Entertainment & Technology Inc (OTCPK:GDET) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

1 Bridge Plaza, 2nd Floor, Fort Lee, NJ, USA, 07024

Website

https://gdet.co

GD Entertainment & Technology Inc focuses on high growth industries. The company currently has one operating subsidiary, DreamCard, a high-end metal card that personalizes debit and credit cards for a fee which allows users to create a customizable debit or credit card using its online platform. It also customizes Specialty Cards for Customer Loyalty and Affinity Networks. It simply takes an existing debit or credit card and transfers its data and chip into a new metal, 24karat or Stainless Steel card of the cardholders design and ships it to the holder. GDET markets to the business enterprises that promote commerce to members with a VIP card. Casinos and Affinity Networks form the base of company consumers.