Cross Border Resources (Cross Border Resources) Cash And Cash Equivalents : $0.72 Mil (As of Mar. 2015)

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What is Cross Border Resources Cash And Cash Equivalents?

Cross Border Resources's quarterly cash and cash equivalents declined from Sep. 2014 ($0.43 Mil) to Dec. 2014 ($0.36 Mil) but then increased from Dec. 2014 ($0.36 Mil) to Mar. 2015 ($0.72 Mil).

Cross Border Resources's annual cash and cash equivalents increased from Dec. 2012 ($0.24 Mil) to Dec. 2013 ($0.73 Mil) but then declined from Dec. 2013 ($0.73 Mil) to Dec. 2014 ($0.36 Mil).

Cross Border Resources Cash And Cash Equivalents Historical Data

The historical data trend for Cross Border Resources'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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Cross Border Resources Cash And Cash Equivalents Chart

Cross Border Resources Annual Data

Trend

Jul06

Jul07

Jul08

Jul09

Jul10

Dec11

Dec12

Dec13

Dec14

Cash And Cash Equivalents

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0.03

0.47

0.24

0.73

0.36

Cross Border Resources Quarterly Data
	Apr10	Jul10	Oct10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.03	0.91	0.43	0.36	0.72

Cross Border Resources 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.

Cross Border Resources (OTCPK:XBOR) 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.

Cross Border Resources Cash And Cash Equivalents Related Terms

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Cross Border Resources (Cross Border Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Border Resources Inc (OTCPK:XBOR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2515 McKinney Avenue, Suite 900, Dallas, TX, USA, 75201

Website

http://www.xbres.com

Cross Border Resources Inc is an oil and gas Exploration Company. The Company is engaged in the acquisition, operation, exploration and development of oil and gas properties and prospects.

Executives

Laroche Richard F Jr	director	P.O. BOX 1398, MURFREESBORO TN 37133-1398
Gray Everett Willard Ii	other: Former Chief Executive Officer	P. O. BOX 5375, MIDLAND TX 79704

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