Empire Resources (Empire Resources) Cash And Cash Equivalents : $4.1 Mil (As of Dec. 2016)

View and export this data going back to 1996. Start your Free Trial

What is Empire Resources Cash And Cash Equivalents?

Empire Resources's quarterly cash and cash equivalents declined from Jun. 2016 ($6.36 Mil) to Sep. 2016 ($5.72 Mil) but then stayed the same from Sep. 2016 ($5.72 Mil) to Dec. 2016 ($4.07 Mil).

Empire Resources's annual cash and cash equivalents increased from Dec. 2014 ($1.13 Mil) to Dec. 2015 ($7.32 Mil) but then declined from Dec. 2015 ($7.32 Mil) to Dec. 2016 ($4.07 Mil).

Empire Resources Cash And Cash Equivalents Historical Data

The historical data trend for Empire Resources'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.

Empire Resources Cash And Cash Equivalents Chart

Empire Resources Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash And Cash Equivalents

Get a 7-Day Free Trial

3.14

2.48

1.13

7.32

4.07

Empire Resources Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Cash And Cash Equivalents	Get a 7-Day Free Trial															7.32	8.73	6.36	5.72	4.07

Empire Resources 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.

Empire Resources (NAS:ERS) 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.

Empire Resources Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Empire Resources's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Empire Resources (Empire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Empire Resources Inc (NAS:ERS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.empireresources.com

Empire Resources Inc was incorporated in the State of Delaware in 1990 under the name Integrated Technology USA, Inc. On September 17, 1999, the Company merged with Empire Resources, Inc. a distributor of value added, semi-finished aluminum products. Since the merger, the Company has continued the business of Empire under the name of Empire Resources, Inc. The Company is engaged in the purchase, sale and distribution of semi-finished aluminum and steel products to customer base located in the Americas, Europe, Australia and New Zealand. The Company sells its products through its own marketing and sales personnel and its independent sales agents who are located in North America and in Europe. The Company's semi-finished aluminum and steel products which are produced by processing aluminum or steel and/or aluminum scrap. A product is considered 'semi-finished' if it has not yet been converted into a final end product. Semi-finished aluminum products include aluminum sheet, coil, plate and foil, rod, bar and wire, extruded and cast products. The Company provides many of these forms of semi-finished aluminum products to its customers. The Company sells its products mainly through its own marketing and sales personnel. In addition, it sells less than 10% of its products through independent sales agents. The Company serves more than 300 customers in industries, such as distribution, transportation, automobile, housing, appliances and packaging. Its competitors include aluminum producers and rolling mills. Its competitors include: Alcoa Inc. and Aleris Rolled Products, Inc. The Company is subject to governmental regulations governing imports, in particular regulations governing the imposition of tariffs and antidumping and other duties.

Executives

Leon G Cooperman	10 percent owner	7118 MELROSE CASTLE LANE, BOCA RATON FL 33496
Jack Bendheim	director	C/O EMPIRE RESOURCES, INC., 1 PARKER PLAZA, SUIET 10, FORT LEE NJ 07024
Nathan Mazurek	director	C/O PIONEER POWER SOLUTIONS, INC., 400 KELBY STREET 9TH FLOOR, FORT LEE NJ 07024
Douglas Kass	director	C/O EMPIRE RESOURCES, INC., ONE PARKER PLAZA, FORT LEE NJ 07024

Empire Resources (Empire Resources) Headlines

No Headlines