Westfield (ASX:WFD) Cash And Cash Equivalents : A$643 Mil (As of Dec. 2017)

View and export this data going back to 2000. Start your Free Trial

What is Westfield Cash And Cash Equivalents?

Westfield's quarterly cash and cash equivalents increased from Dec. 2016 (A$403.68 Mil) to Jun. 2017 (A$529.38 Mil) and increased from Jun. 2017 (A$529.38 Mil) to Dec. 2017 (A$642.56 Mil).

Westfield's annual cash and cash equivalents declined from Dec. 2015 (A$1,514.92 Mil) to Dec. 2016 (A$403.68 Mil) but then increased from Dec. 2016 (A$403.68 Mil) to Dec. 2017 (A$642.56 Mil).

Westfield Cash And Cash Equivalents Historical Data

The historical data trend for Westfield'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.

* Premium members only.

Westfield Cash And Cash Equivalents Chart

Westfield Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash And Cash Equivalents

Get a 7-Day Free Trial

1,153.00

376.25

1,514.92

403.68

642.56

Westfield Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,514.92	650.96	403.68	529.38	642.56

Westfield 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.

Westfield (ASX:WFD) 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.

Westfield Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Westfield's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Westfield (ASX:WFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Westfield Corp (ASX:WFD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.westfieldcorp.com

Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

Westfield (ASX:WFD) Headlines

No Headlines