Symbion Health (ASX:SY1) Cash And Cash Equivalents : A$196.68 Mil (As of Jun. 2007)

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What is Symbion Health Cash And Cash Equivalents?

Symbion Health's quarterly cash and cash equivalents declined from Jun. 2005 (A$389.76 Mil) to Jun. 2006 (A$187.01 Mil) but then increased from Jun. 2006 (A$187.01 Mil) to Jun. 2007 (A$196.68 Mil).

Symbion Health's annual cash and cash equivalents declined from Jun. 2005 (A$389.76 Mil) to Jun. 2006 (A$187.01 Mil) but then increased from Jun. 2006 (A$187.01 Mil) to Jun. 2007 (A$196.68 Mil).

Symbion Health Cash And Cash Equivalents Historical Data

The historical data trend for Symbion Health'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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Symbion Health Cash And Cash Equivalents Chart

Symbion Health Annual Data

Trend

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Cash And Cash Equivalents

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103.84

304.26

389.76

187.01

196.68

Symbion Health Semi-Annual Data
	Jun95	Jun96	Jun97	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07
Cash And Cash Equivalents	Get a 7-Day Free Trial								103.84	304.26	389.76	187.01	196.68

Symbion Health 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.

Symbion Health (ASX:SY1) 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.

Symbion Health Cash And Cash Equivalents Related Terms

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Symbion Health (ASX:SY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Symbion Health Ltd (ASX:SY1) » Definitions » Cash And Cash Equivalents

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ASX:ONT

Traded in Other Exchanges

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Address

Website

http://www.symbionhealth.com

Symbion Group Limited (SYB, formerly Mayne Group Limited) is a healthcare-focused company comprised of 5 divisions: Pathology; Medical Centres; Imaging; Pharmacy Services; and Symbion Consumer.

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