FX Energy (FRA:FX4) Cash And Cash Equivalents : €7.79 Mil (As of Sep. 2015)

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What is FX Energy Cash And Cash Equivalents?

FX Energy's quarterly cash and cash equivalents increased from Mar. 2015 (€6.38 Mil) to Jun. 2015 (€12.62 Mil) but then stayed the same from Jun. 2015 (€12.62 Mil) to Sep. 2015 (€7.79 Mil).

FX Energy's annual cash and cash equivalents declined from Dec. 2012 (€25.90 Mil) to Dec. 2013 (€8.14 Mil) but then increased from Dec. 2013 (€8.14 Mil) to Dec. 2014 (€9.11 Mil).

FX Energy Cash And Cash Equivalents Historical Data

The historical data trend for FX Energy'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.

FX Energy Cash And Cash Equivalents Chart

FX Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash And Cash Equivalents

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14.92

38.65

25.90

8.14

9.11

FX Energy Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Cash And Cash Equivalents	Get a 7-Day Free Trial															18.21	9.11	6.38	12.62	7.79

FX Energy 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.

FX Energy (FRA:FX4) 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.

FX Energy Cash And Cash Equivalents Related Terms

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FX Energy (FRA:FX4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FX Energy Inc (FRA:FX4) » Definitions » Cash And Cash Equivalents

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Address

Website

http://www.fxenergy.com

FX Energy Inc was founded in 1989. The Company is an independent oil and gas exploration and production company with principal production, reserves, and exploration in Poland and oil production, oilfield service, and exploration activities in the United States. Company concentrates its exploration efforts in Poland on the Rotliegend sandstones of the Permian Basin. As of December 31, 2013, Company held oil and gas exploration rights in Poland in a number of separately designated project areas encompassing approximately 2.7 million gross acres. In Poland, it has projects involving the exploration and exploitation of oil and gas prospects in partnership with Polskie GÃ³rnictwo Naftowe i Gazownictwo or PGNiG, the Polish national oil and gas company, other industry partners, and for its own account. In the United States, it explores for and produces oil from fields in Montana and Nevada, and it have an oilfield services company in northern Montana that performs contract drilling and well-servicing operations. Company operates within two segments of the oil and gas industry: the exploration and production, or E&P, segment in Poland and the United States, and the oilfield services segment in the United States. The Company faces competition from larger oil and gas companies. The Companys oil and gas exploration, development, and production activities in Poland are subject to Polands laws and regulations and its United States operations are subject to governmental risks that may impact its operations.

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