Arkanova Energy (Arkanova Energy) Cash And Cash Equivalents : $0.08 Mil (As of Sep. 2016)

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What is Arkanova Energy Cash And Cash Equivalents?

Arkanova Energy's quarterly cash and cash equivalents declined from Mar. 2016 ($0.89 Mil) to Jun. 2016 ($0.35 Mil) but then stayed the same from Jun. 2016 ($0.35 Mil) to Sep. 2016 ($0.08 Mil).

Arkanova Energy's annual cash and cash equivalents increased from Sep. 2014 ($0.65 Mil) to Sep. 2015 ($2.37 Mil) but then declined from Sep. 2015 ($2.37 Mil) to Sep. 2016 ($0.08 Mil).

Arkanova Energy Cash And Cash Equivalents Historical Data

The historical data trend for Arkanova Energy's Cash And Cash Equivalents 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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Arkanova Energy Cash And Cash Equivalents Chart

Arkanova Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Cash And Cash Equivalents

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0.07

0.54

0.65

2.37

0.08

Arkanova Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.37	1.41	0.89	0.35	0.08

Arkanova Energy Cash And Cash Equivalents 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.

Arkanova Energy (OTCPK:AKVA) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Arkanova Energy Cash And Cash Equivalents Related Terms

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Arkanova Energy (Arkanova Energy) Business Description

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Address

305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746

Website

http://www.arkanovaenergy.com

Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

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