Shanda Games (Shanda Games) Cash, Cash Equivalents, Marketable Securities : $281.1 Mil (As of Dec. 2014)

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What is Shanda Games Cash, Cash Equivalents, Marketable Securities?

Shanda Games's quarterly cash, cash equivalents, marketable securities declined from Dec. 2012 ($610.14 Mil) to Dec. 2013 ($395.67 Mil) but then stayed the same from Dec. 2013 ($395.67 Mil) to Dec. 2014 ($281.14 Mil).

Shanda Games's annual cash, cash equivalents, marketable securities declined from Dec. 2012 ($610.14 Mil) to Dec. 2013 ($395.67 Mil) and declined from Dec. 2013 ($395.67 Mil) to Dec. 2014 ($281.14 Mil).

Shanda Games Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Shanda Games'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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Shanda Games Cash, Cash Equivalents, Marketable Securities Chart

Shanda Games Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash, Cash Equivalents, Marketable Securities

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327.05

637.71

610.14

395.67

281.14

Shanda Games Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			327.05	637.71	610.14	395.67	281.14

Shanda Games 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.

Shanda Games (NAS:GAME) 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.

Shanda Games Cash, Cash Equivalents, Marketable Securities Related Terms

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Shanda Games (Shanda Games) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.shandagames.com

Shanda Games Ltd was incorporated in the Cayman Islands on June 12, 2008. The Company is an online game company in China in terms of the size, diversity of its game portfolio, game revenues and game player base. It completed its initial public offering on September 30, 2009. It develop and source a broad array of game content through multiple channels, including in-house development, licensing, investment, acquisition, joint development and joint operation. As of March 31, 2015, it operated 35 MMO games and 29 mobile games in China and certain overseas markets. The games operated by the Company are: Mir II, BNB, Woool, Legend of Immortals, Age of Wushu, among others. It competes with other online game developers and operators in China, including Tencent Holdings Limited, NetEase, Inc., Changyou.com Limited, Perfect World Co., Ltd., Giant Interactive, Kingsoft, KongZhong Corporation, NetDragon Websoft, Inc. and The9 Limited.