Sky Deutschland AG (LTS:0QXE) Cash, Cash Equivalents, Marketable Securities : €199 Mil (As of Dec. 2013)

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What is Sky Deutschland AG Cash, Cash Equivalents, Marketable Securities?

Sky Deutschland AG's quarterly cash, cash equivalents, marketable securities declined from Dec. 2011 (€54.78 Mil) to Dec. 2012 (€7.09 Mil) but then increased from Dec. 2012 (€7.09 Mil) to Dec. 2013 (€199.16 Mil).

Sky Deutschland AG's annual cash, cash equivalents, marketable securities declined from Dec. 2011 (€54.78 Mil) to Dec. 2012 (€7.09 Mil) but then increased from Dec. 2012 (€7.09 Mil) to Dec. 2013 (€199.16 Mil).

Sky Deutschland AG Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sky Deutschland AG'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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Sky Deutschland AG Cash, Cash Equivalents, Marketable Securities Chart

Sky Deutschland AG Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash, Cash Equivalents, Marketable Securities

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8.12

5.00

54.78

7.09

199.16

Sky Deutschland AG Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					8.12	5.00	54.78	7.09	199.16

Sky Deutschland AG 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.

Sky Deutschland AG (LTS:0QXE) 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.

Sky Deutschland AG Cash, Cash Equivalents, Marketable Securities Related Terms

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Sky Deutschland AG (LTS:0QXE) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sky Deutschland AG (LTS:0QXE) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

Website

http://www.info.sky.de

Sky Deutschland AG is a Germany-based holding company established in 2002. The Company along with its subsidiaries operates a pay-TV business in Germany and Austria under the Sky trademark. The Company's package includes: Sky Welt Package, FuÃŸball Bundesliga Package, Premium Bundesliga HD channels, Sport Package, Premium Sport HD Channels, Film Package and Premium Film HD Channels. The Company is also engaged in the purchase, sale and distribution of rights to ï¬lms, series and TV productions, the acquisition, sale and distribution of broadcasting rights for public events, the arrangement of program magazine subscriptions, and other activities associated with the operation of the pay-TV business. The Company's services includes: Sky Go, Sky+, Sky Anytime, and Sky Home. Its offers channels of various genres, which includes; Sky Sports News HD, Sky Cinema HD, Sky Atlantic HD, Sky Sport HD, Sky Bundesliga and Sky Select HD. The Company competes with platform operators offering both pay-TV packages and VoD services. It also competes with over-the-top players who provide video-on-demand and subscription-video-on-demand entertainment via the Internet.

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