Atlas African Industries (LSE:AAI) Cash And Cash Equivalents : £1.20 Mil (As of Jun. 2016)

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What is Atlas African Industries Cash And Cash Equivalents?

Atlas African Industries's quarterly cash and cash equivalents increased from Jun. 2014 (£1.85 Mil) to Dec. 2014 (£8.23 Mil) but then stayed the same from Dec. 2014 (£8.23 Mil) to Jun. 2016 (£1.20 Mil).

Atlas African Industries's annual cash and cash equivalents increased from Dec. 2012 (£0.24 Mil) to Jun. 2013 (£5.91 Mil) but then declined from Jun. 2013 (£5.91 Mil) to Jun. 2014 (£1.85 Mil).

Atlas African Industries Cash And Cash Equivalents Historical Data

The historical data trend for Atlas African Industries'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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Atlas African Industries Cash And Cash Equivalents Chart

Atlas African Industries Annual Data

Trend

Dec11

Dec12

Jun13

Jun14

Cash And Cash Equivalents

0.18

0.24

5.91

1.85

Atlas African Industries Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun16
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.24	2.73	1.85	8.23	1.20

Atlas African Industries 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.

Atlas African Industries (LSE:AAI) 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.

Atlas African Industries Cash And Cash Equivalents Related Terms

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Atlas African Industries (LSE:AAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlas African Industries Ltd (LSE:AAI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.atlassupport.com

Atlas African Industries Ltd, formerly known as Atlas Development & Support Services Ltd, was incorporated in Guernsey under the Law on December 5, 2012. The Company has a Joint Venture agreement with Ethiopian conglomerate Orchid Group to provide services in civil engineering and project management offering into industrial projects. The Company's operates in industrial division and support services division. Its 100% owned subsidiary, East Africa Packaging Holdings, is focused glass bottle manufacturing facility 45km north of Addis Ababa, Ethiopia known as the Chancho Project. The Chancho Project is in feasibility stage with a defined development strategy to construct and operate a glass bottle manufacturing facility. The JV provides services to clients in the natural resource development and infrastructure sectors, through civil engineering, project management, work-force accommodation solutions and on-going life support services.

Atlas African Industries (LSE:AAI) Headlines

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