Velocity Energy (Velocity Energy) Cash And Cash Equivalents : $0.04 Mil (As of Jun. 2009)

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What is Velocity Energy Cash And Cash Equivalents?

Velocity Energy's quarterly cash and cash equivalents increased from Dec. 2008 ($0.20 Mil) to Mar. 2009 ($0.27 Mil) but then stayed the same from Mar. 2009 ($0.27 Mil) to Jun. 2009 ($0.04 Mil).

Velocity Energy's annual cash and cash equivalents increased from Dec. 2006 ($0.26 Mil) to Dec. 2007 ($2.20 Mil) but then declined from Dec. 2007 ($2.20 Mil) to Dec. 2008 ($0.20 Mil).

Velocity Energy Cash And Cash Equivalents Historical Data

The historical data trend for Velocity Energy'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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Velocity Energy Cash And Cash Equivalents Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Cash And Cash Equivalents

0.26

2.20

0.20

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Cash And Cash Equivalents	Get a 7-Day Free Trial										0.38	0.13	0.20	0.27	0.04

Velocity Energy 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.

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy Cash And Cash Equivalents Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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