Corinthian Colleges (FRA:CH7) Cash, Cash Equivalents, Marketable Securities : €35 Mil (As of Jun. 2013)

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What is Corinthian Colleges Cash, Cash Equivalents, Marketable Securities?

Corinthian Colleges's quarterly cash, cash equivalents, marketable securities declined from Jun. 2011 (€74.56 Mil) to Jun. 2012 (€57.80 Mil) but then stayed the same from Jun. 2012 (€57.80 Mil) to Jun. 2013 (€35.32 Mil).

Corinthian Colleges's annual cash, cash equivalents, marketable securities declined from Jun. 2011 (€74.56 Mil) to Jun. 2012 (€57.80 Mil) and declined from Jun. 2012 (€57.80 Mil) to Jun. 2013 (€35.32 Mil).

Corinthian Colleges Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Corinthian Colleges's Cash, Cash Equivalents, Marketable Securities 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.

Corinthian Colleges Cash, Cash Equivalents, Marketable Securities Chart

Corinthian Colleges Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Cash, Cash Equivalents, Marketable Securities

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114.44

171.31

74.56

57.80

35.32

Corinthian Colleges Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											114.44	171.31	74.56	57.80	35.32

Corinthian Colleges Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Corinthian Colleges (FRA:CH7) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Corinthian Colleges Cash, Cash Equivalents, Marketable Securities Related Terms

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Corinthian Colleges (FRA:CH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Corinthian Colleges Inc (FRA:CH7) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

Website

http://www.cci.edu

Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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