Gordon Creek Energy (FRA:M2Y1) Cash And Cash Equivalents : €0.15 Mil (As of Oct. 2015)

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What is Gordon Creek Energy Cash And Cash Equivalents?

Gordon Creek Energy's quarterly cash and cash equivalents increased from Apr. 2015 (€0.17 Mil) to Jul. 2015 (€0.69 Mil) but then stayed the same from Jul. 2015 (€0.69 Mil) to Oct. 2015 (€0.15 Mil).

Gordon Creek Energy's annual cash and cash equivalents declined from Jan. 2013 (€0.50 Mil) to Jan. 2014 (€0.02 Mil) but then increased from Jan. 2014 (€0.02 Mil) to Jan. 2015 (€0.02 Mil).

Gordon Creek Energy Cash And Cash Equivalents Historical Data

The historical data trend for Gordon Creek 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.

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Gordon Creek Energy Cash And Cash Equivalents Chart

Gordon Creek Energy Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Cash And Cash Equivalents

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0.05

5.90

0.50

0.02

Gordon Creek Energy Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.03	0.02	0.17	0.69	0.15

Gordon Creek 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.

Gordon Creek Energy (FRA:M2Y1) 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.

Gordon Creek Energy Cash And Cash Equivalents Related Terms

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Gordon Creek Energy (FRA:M2Y1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gordon Creek Energy Inc (FRA:M2Y1) » Definitions » Cash And Cash Equivalents

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Address

734, 7th Avenue South West, Suite 1350, Calgary, AB, CAN, T2P 3P8

Website

http://www.gordoncreekenergy.com

Gordon Creek Energy Inc is engaged in the acquisition, exploration, development, and production of oil and natural gas properties located in the United States of America. Its projects include Gordon Creek Property; and Weston County.

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