Diamond S Shipping Group (Diamond S Shipping Group) Cash, Cash Equivalents, Marketable Securities : $38.77 Mil (As of Mar. 2013)

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What is Diamond S Shipping Group Cash, Cash Equivalents, Marketable Securities?

Diamond S Shipping Group's quarterly cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Mar. 2012 ($49.51 Mil) but then stayed the same from Mar. 2012 ($49.51 Mil) to Mar. 2013 ($38.77 Mil).

Diamond S Shipping Group's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Mar. 2012 ($49.51 Mil) but then declined from Mar. 2012 ($49.51 Mil) to Mar. 2013 ($38.77 Mil).

Diamond S Shipping Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Diamond S Shipping Group'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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Diamond S Shipping Group Cash, Cash Equivalents, Marketable Securities Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

Cash, Cash Equivalents, Marketable Securities

49.51

38.77

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
Cash, Cash Equivalents, Marketable Securities	49.51	38.77

Diamond S Shipping Group 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.

Diamond S Shipping Group (NYSE:DSG) 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.

Diamond S Shipping Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.