Titan Oil & Gas (Titan Oil & Gas) Cash And Cash Equivalents : $0.02 Mil (As of May. 2013)

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What is Titan Oil & Gas Cash And Cash Equivalents?

Titan Oil & Gas's quarterly cash and cash equivalents declined from Nov. 2012 ($0.04 Mil) to Feb. 2013 ($0.00 Mil) but then increased from Feb. 2013 ($0.00 Mil) to May. 2013 ($0.02 Mil).

Titan Oil & Gas's annual cash and cash equivalents increased from Aug. 2010 ($0.09 Mil) to Aug. 2011 ($0.20 Mil) but then declined from Aug. 2011 ($0.20 Mil) to Aug. 2012 ($0.06 Mil).

Titan Oil & Gas Cash And Cash Equivalents Historical Data

The historical data trend for Titan Oil & Gas'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.

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Titan Oil & Gas Cash And Cash Equivalents Chart

Titan Oil & Gas Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Cash And Cash Equivalents

0.01

0.09

0.20

0.06

Titan Oil & Gas Quarterly Data
	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13
Cash And Cash Equivalents	Get a 7-Day Free Trial														0.10	0.06	0.04	-	0.02

Titan Oil & Gas Cash And Cash Equivalents 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.

Titan Oil & Gas (GREY:TNGS) 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.

Titan Oil & Gas Cash And Cash Equivalents Related Terms

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Titan Oil & Gas (Titan Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Titan Oil & Gas Inc (GREY:TNGS) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

7251 West Lake Mead Boulevard, Suite 300, Las Vegas, NV, USA, 89128

Website

http://www.titanoilgas.com

Titan Oil & Gas Inc is an is an exploration stage company. It is engaged in the acquisition, exploration and development of oil and gas properties.

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