Patient Access Solutions (Patient Access Solutions) Cash, Cash Equivalents, Marketable Securities : $0.08 Mil (As of Jul. 2008)

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What is Patient Access Solutions Cash, Cash Equivalents, Marketable Securities?

Patient Access Solutions's quarterly cash, cash equivalents, marketable securities increased from Jan. 2008 ($0.00 Mil) to Apr. 2008 ($0.14 Mil) but then stayed the same from Apr. 2008 ($0.14 Mil) to Jul. 2008 ($0.08 Mil).

Patient Access Solutions's annual cash, cash equivalents, marketable securities declined from Oct. 2006 ($0.02 Mil) to Oct. 2007 ($0.00 Mil) but then increased from Oct. 2007 ($0.00 Mil) to Oct. 2008 ($0.19 Mil).

Patient Access Solutions Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Patient Access Solutions'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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Patient Access Solutions Cash, Cash Equivalents, Marketable Securities Chart

Patient Access Solutions Annual Data

Trend

Oct06

Oct07

Oct08

Cash, Cash Equivalents, Marketable Securities

0.02

0.19

Patient Access Solutions Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	-	-	0.14	0.08

Patient Access Solutions 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.

Patient Access Solutions (OTCPK:PASO) 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.

Patient Access Solutions Cash, Cash Equivalents, Marketable Securities Related Terms

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Patient Access Solutions (Patient Access Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725

Website

http://www.pashealth.com

Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

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