KGI Securities Co., (LSE:KGIS) Cash And Cash Equivalents : $304.6 Mil (As of Sep. 2012)

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What is KGI Securities Co., Cash And Cash Equivalents?

KGI Securities Co.,'s quarterly cash and cash equivalents increased from Mar. 2012 ($308.75 Mil) to Jun. 2012 ($346.75 Mil) but then stayed the same from Jun. 2012 ($346.75 Mil) to Sep. 2012 ($304.63 Mil).

KGI Securities Co.,'s annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2010 ($418.28 Mil) but then declined from Dec. 2010 ($418.28 Mil) to Dec. 2011 ($348.80 Mil).

KGI Securities Co., Cash And Cash Equivalents Historical Data

The historical data trend for KGI Securities Co.,'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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KGI Securities Co., Cash And Cash Equivalents Chart

KGI Securities Co., Annual Data

Trend

Dec10

Dec11

Cash And Cash Equivalents

418.28

348.80

KGI Securities Co., Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Cash And Cash Equivalents	Get a 7-Day Free Trial			457.80	348.80	308.75	346.75	304.63

KGI Securities Co., 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.

KGI Securities Co., (LSE:KGIS) 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.

KGI Securities Co., Cash And Cash Equivalents Related Terms

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KGI Securities Co., (LSE:KGIS) Business Description

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