Fantex (Fantex) Cash And Cash Equivalents : $3.23 Mil (As of Sep. 2016)

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What is Fantex Cash And Cash Equivalents?

Fantex's quarterly cash and cash equivalents increased from Mar. 2016 ($1.75 Mil) to Jun. 2016 ($2.14 Mil) and increased from Jun. 2016 ($2.14 Mil) to Sep. 2016 ($3.23 Mil).

Fantex's annual cash and cash equivalents increased from Dec. 2013 ($0.47 Mil) to Dec. 2014 ($0.93 Mil) and increased from Dec. 2014 ($0.93 Mil) to Dec. 2015 ($1.74 Mil).

Fantex Cash And Cash Equivalents Historical Data

The historical data trend for Fantex'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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Fantex Cash And Cash Equivalents Chart

Fantex Annual Data

Trend

Dec13

Dec14

Dec15

Cash And Cash Equivalents

0.47

0.93

1.74

Fantex Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash And Cash Equivalents	Get a 7-Day Free Trial										0.95	1.74	1.75	2.14	3.23

Fantex 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.

Fantex (GREY:JEFFL) 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.

Fantex Cash And Cash Equivalents Related Terms

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Fantex (Fantex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fantex Inc (GREY:JEFFL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 Townsend Street, Suite 234, San Francisco, CA, USA, 94107

Website

http://www.fantexinc.com

Fantex Inc is a marketing services provider in the United States. Its range of operations covers brand acquisition, marketing and brand development in the interest of professional athletes, entertainers, and other high-profile individuals. Fantex's strategy revolves around 3 pillars; Evaluation, Acquisition, and Enhancement. Evaluation is the analysis done before the company enters a brand agreement. Acquisition relates to the initial steps of acquiring a brand such as negotiation of brand price etc and Enhancing Brand Value is where the company builds a portfolio of brands and enhances them with the help of technology and data applications.

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