Norstra Energy (Norstra Energy) Cash, Cash Equivalents, Marketable Securities : $0.17 Mil (As of Nov. 2013)

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

Norstra Energy's quarterly cash, cash equivalents, marketable securities declined from May. 2013 ($0.35 Mil) to Aug. 2013 ($0.23 Mil) but then stayed the same from Aug. 2013 ($0.23 Mil) to Nov. 2013 ($0.17 Mil).

Norstra Energy's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to Feb. 2012 ($0.00 Mil) but then increased from Feb. 2012 ($0.00 Mil) to Feb. 2013 ($0.11 Mil).

Norstra Energy Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Norstra 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.

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Norstra Energy Cash, Cash Equivalents, Marketable Securities Chart

Norstra Energy Annual Data

Trend

Feb12

Feb13

Cash, Cash Equivalents, Marketable Securities

0.11

Norstra Energy Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.01	0.11	0.35	0.23	0.17

Norstra 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.

Norstra Energy (GREY:NORX) 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.

Norstra Energy Cash, Cash Equivalents, Marketable Securities Related Terms

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Norstra Energy (Norstra Energy) Business Description

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Address

1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204

Website

http://www.norstraenergy.com

Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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