Max Trust (ASX:MXQ) Cash And Cash Equivalents : A$10.65 Mil (As of Jun. 2013)

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What is Max Trust Cash And Cash Equivalents?

Max Trust's quarterly cash and cash equivalents declined from Jun. 2011 (A$42.23 Mil) to Jun. 2012 (A$11.43 Mil) but then stayed the same from Jun. 2012 (A$11.43 Mil) to Jun. 2013 (A$10.65 Mil).

Max Trust's annual cash and cash equivalents declined from Jun. 2011 (A$42.23 Mil) to Jun. 2012 (A$11.43 Mil) and declined from Jun. 2012 (A$11.43 Mil) to Jun. 2013 (A$10.65 Mil).

Max Trust Cash And Cash Equivalents Historical Data

The historical data trend for Max Trust'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.

* Premium members only.

Max Trust Cash And Cash Equivalents Chart

Max Trust Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Cash And Cash Equivalents

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18.65

19.16

42.23

11.43

10.65

Max Trust Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Cash And Cash Equivalents	Get a 7-Day Free Trial			18.65	19.16	42.23	11.43	10.65

Max Trust 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.

Max Trust (ASX:MXQ) 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.

Max Trust Cash And Cash Equivalents Related Terms

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Max Trust (ASX:MXQ) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.thetrustcompany.com.au

Allco Max Securities & Mortgage Trust (AXQ) ('MaxÂ´) is a lending vehicle which writes loans into structured finance transactions predominantly originated by Allco, and purchases investment grade debt on wholesale markets. AXQ's Investment Manager is Allco Funds Management Limited.

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