WG Wearne (JSE:WEA) Cash, Cash Equivalents, Marketable Securities : R0.5 Mil (As of Aug. 2017)

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What is WG Wearne Cash, Cash Equivalents, Marketable Securities?

WG Wearne's quarterly cash, cash equivalents, marketable securities declined from Aug. 2016 (R0.67 Mil) to Feb. 2017 (R0.64 Mil) but then stayed the same from Feb. 2017 (R0.64 Mil) to Aug. 2017 (R0.49 Mil).

WG Wearne's annual cash, cash equivalents, marketable securities increased from Feb. 2015 (R0.18 Mil) to Feb. 2016 (R0.63 Mil) and increased from Feb. 2016 (R0.63 Mil) to Feb. 2017 (R0.64 Mil).

WG Wearne Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for WG Wearne'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.

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WG Wearne Cash, Cash Equivalents, Marketable Securities Chart

WG Wearne Annual Data

Trend

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Cash, Cash Equivalents, Marketable Securities

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8.03

0.93

0.18

0.63

0.64

WG Wearne Semi-Annual Data
	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1.25	0.63	0.67	0.64	0.49

WG Wearne 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.

WG Wearne (JSE:WEA) 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.

WG Wearne Cash, Cash Equivalents, Marketable Securities Related Terms

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WG Wearne (JSE:WEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » WG Wearne Ltd (JSE:WEA) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

300 Acacia Road, Stonemill Office Park, P.O Box 1674, 3 Kiepersol House, Cresta, ZAF, 2118

Website

http://www.wearne.co.za

WG Wearne Ltd is a supplier of materials and contracting services to the building and construction industry with a complete building material solution. The company is involved in various big construction projects such as the construction of Rand Afrikaans University, the Western Bypass, the Lesotho Highlands Water Scheme, Soccer City and FNB in Fairlands Johannesburg. It operates across South Africa with concentrated operations in Limpopo and Gauteng provinces. its products include sub base materials, concrete stone, road stone, dump rock, ballast stone, crusher sand, building sand, builders mix, plaster sand, generic concrete range, Wearne specialty concrete, high-performance concrete, base course materials and sub base materials.