Noble Group (Noble Group) Cash And Cash Equivalents : $583 Mil (As of Sep. 2018)

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What is Noble Group Cash And Cash Equivalents?

Noble Group's quarterly cash and cash equivalents declined from Mar. 2018 ($676.65 Mil) to Jun. 2018 ($620.84 Mil) but then stayed the same from Jun. 2018 ($620.84 Mil) to Sep. 2018 ($583.29 Mil).

Noble Group's annual cash and cash equivalents declined from Dec. 2015 ($1,953.27 Mil) to Dec. 2016 ($1,170.47 Mil) and declined from Dec. 2016 ($1,170.47 Mil) to Dec. 2017 ($492.01 Mil).

Noble Group Cash And Cash Equivalents Historical Data

The historical data trend for Noble Group'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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Noble Group Cash And Cash Equivalents Chart

Noble Group Annual Data

Trend

Dec08

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Cash And Cash Equivalents

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1,055.95

903.82

1,953.27

1,170.47

492.01

Noble Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Cash And Cash Equivalents	Get a 7-Day Free Trial															338.69	492.01	676.65	620.84	583.29

Noble Group 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.

Noble Group (OTCPK:NOBGY) 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.

Noble Group Cash And Cash Equivalents Related Terms

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Noble Group (Noble Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Noble Group Ltd (OTCPK:NOBGY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

38 Gloucester Road, 18th Floor, Mass Mutual Tower, China Evergrande Centre, Hong Kong, HKG

Website

http://www.thisisnoble.com

Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.

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