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AEP Industries's quarterly cash and cash equivalents increased from Apr. 2016 ($34.75 Mil) to Jul. 2016 ($63.44 Mil) but then stayed the same from Jul. 2016 ($63.44 Mil) to Oct. 2016 ($3.68 Mil).
AEP Industries's annual cash and cash equivalents increased from Oct. 2014 ($0.87 Mil) to Oct. 2015 ($20.17 Mil) but then declined from Oct. 2015 ($20.17 Mil) to Oct. 2016 ($3.68 Mil).
The historical data trend for AEP Industries's Cash And Cash Equivalents 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.
AEP Industries Annual Data | |||||||||||||||||||||
Trend | Oct07 | Oct08 | Oct09 | Oct10 | Oct11 | Oct12 | Oct13 | Oct14 | Oct15 | Oct16 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 2.81 | 13.32 | 0.87 | 20.17 | 3.68 |
AEP Industries Quarterly Data | ||||||||||||||||||||
Jan12 | Apr12 | Jul12 | Oct12 | Jan13 | Apr13 | Jul13 | Oct13 | Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | Jul16 | Oct16 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 20.17 | 11.68 | 34.75 | 63.44 | 3.68 |
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.
AEP Industries (NAS:AEPI) Cash And Cash Equivalents Explanation
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.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Thank you for viewing the detailed overview of AEP Industries's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Lee C Stewart | director | PO BOX 816, SHARON CT 06069 |
Daniel Khoshaba | 10 percent owner | 67 EAST PARK PLACE, 8TH FLOOR, SUITE 800, MORRISTOWN NJ 07960 |
Jmb Capital Partners Master Fund L.p. | 10 percent owner | 1999 AVENUE OF THE STARS, SUITE 2040, LOS ANGELES CA 90067 |
Jonathan Brooks | 10 percent owner | 2201 NORTH BEVERLY DR., BEVERLY HILLS CA 90210 |
Smithwood Partners Llc | 10 percent owner | 1999 AVENUE OF THE STARS, SUITE 2040, LOS ANGELES CA 90067 |
Smithwood General Partner, Llc | 10 percent owner | 1999 AVENUE OF THE STARS, SUITE 2040, LOS ANGELES CA 90067-6022 |
Smithwood Advisers, L.p. | 10 percent owner | 1999 AVENUE OF THE STARS, SUITE 2040, LOS ANGELES CA 90067-6022 |
Third Point Llc | 10 percent owner | 55 HUDSON YARDS, NEW YORK NY 10001 |
Daniel S Loeb | 10 percent owner | THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022 |
Bradley Louis Radoff | other: See Remarks Below | 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098 |
Matthew Constantino | other: Former Director (1) | 120 FIFTH AVENUE, 3RD FLOOR, NEW YORK NY 10011 |
Eric Press | other: Former Director (1) | 1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019 |
Apollo Investment Fund V Lp | 10 percent owner | 2 MANHATTANVILLE RD, C/O APOLLO ADVISORS LP, PURCHASE NY 10577 |
Apollo Advisors V Lp | 10 percent owner | 2 MANHATTANVILLE RD, C/O APOLLO ADVISORS LP, PURCHASE NY 10577 |
Apollo Management V Lp | 10 percent owner | 2 MANHATTANVILLE RD, C/O APOLLO ADVISORS LP, PURCHASE NY 10577 |
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