QRS Music Technologies (QRS Music Technologies) Cash And Cash Equivalents : $0.38 Mil (As of Mar. 2007)

View and export this data going back to . Start your Free Trial

What is QRS Music Technologies Cash And Cash Equivalents?

QRS Music Technologies's quarterly cash and cash equivalents increased from Sep. 2006 ($0.23 Mil) to Dec. 2006 ($0.82 Mil) but then stayed the same from Dec. 2006 ($0.82 Mil) to Mar. 2007 ($0.38 Mil).

QRS Music Technologies's annual cash and cash equivalents declined from Jun. 2004 ($1.60 Mil) to Jun. 2005 ($0.60 Mil) and declined from Jun. 2005 ($0.60 Mil) to Jun. 2006 ($0.06 Mil).

QRS Music Technologies Cash And Cash Equivalents Historical Data

The historical data trend for QRS Music Technologies'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.

* Premium members only.

QRS Music Technologies Cash And Cash Equivalents Chart

QRS Music Technologies Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Cash And Cash Equivalents

Get a 7-Day Free Trial

1.51

0.97

1.60

0.60

0.06

QRS Music Technologies Quarterly Data
	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.11	0.06	0.23	0.82	0.38

QRS Music Technologies 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.

QRS Music Technologies (OTCPK:QRSM) 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.

QRS Music Technologies Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of QRS Music Technologies's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

QRS Music Technologies (QRS Music Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

269 Quaker Drive, Seneca, PA, USA, 16346

Website

https://www.qrsmusic.com

QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

QRS Music Technologies (QRS Music Technologies) Headlines

From GuruFocus

QRS Music Technologies, Inc. Announces Shareholder Update

By ACCESSWIRE ACCESSWIRE • 07-15-2021

QRS Music Technologies, Inc Debuts QRS Streamer and QRS Streamer Solo: Two Player Piano Focused Streaming Music Plans

By ACCESSWIRE ACCESSWIRE • 06-04-2023

QRS Music Technologies, Inc. Introduces Pianomation OT a Portable Player Piano System

By PRNewswire PRNewswire • 09-14-2018