Puissant Industries (Puissant Industries) Cash, Cash Equivalents, Marketable Securities : $0.03 Mil (As of Dec. 2013)

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What is Puissant Industries Cash, Cash Equivalents, Marketable Securities?

Puissant Industries's quarterly cash, cash equivalents, marketable securities declined from Dec. 2011 ($0.03 Mil) to Dec. 2012 ($0.02 Mil) but then increased from Dec. 2012 ($0.02 Mil) to Dec. 2013 ($0.03 Mil).

Puissant Industries's annual cash, cash equivalents, marketable securities declined from Dec. 2011 ($0.03 Mil) to Dec. 2012 ($0.02 Mil) but then increased from Dec. 2012 ($0.02 Mil) to Dec. 2013 ($0.03 Mil).

Puissant Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Puissant Industries'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.

Puissant Industries Cash, Cash Equivalents, Marketable Securities Chart

Puissant Industries Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Cash, Cash Equivalents, Marketable Securities

0.01

0.03

0.02

0.03

Puissant Industries Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13
Cash, Cash Equivalents, Marketable Securities	0.01	0.03	0.02	0.03

Puissant Industries 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.

Puissant Industries (OTCPK:PSSS) 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.

Puissant Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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Puissant Industries (Puissant Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Puissant Industries Inc (OTCPK:PSSS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

480 Lexington Road, Suite 12, Versailles, KY, USA, 40383

Website

http://www.psss.co

Puissant Industries Inc is a rapidly growing independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations focused in the United States. The Company's focus is on the redevelopment of producing oils and gas properties and is currently producing commercial quantities of oil and gas from fields it owns and operates.

Executives

Carbon River Holdings, Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Logos Resources, Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Marshall E. Holbrook	director, officer: Vice President	520 WHITLEY STREET, LONDON KY 40743
Holbrook Cora J.	director, officer: Secretary/Treasurer	520 WHITLEY STREET, LONDON KY 40743
Mccrome International Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Sovereign One, Inc.	10 percent owner	520 WHITLEY STREET, LONDON KY 40743
Mark E. Holbrook	director, officer: President	520 WHITLEY STREET, LONDON KY 40743

Puissant Industries (Puissant Industries) Headlines

From GuruFocus

Joint Venture Between Puissant Industries, Inc. and EnerMining Corp.

By ACCESSWIRE ACCESSWIRE • 01-14-2022