Averox (Averox) Cash And Cash Equivalents : $0.39 Mil (As of Jun. 2009)

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What is Averox Cash And Cash Equivalents?

Averox's quarterly cash and cash equivalents increased from Dec. 2008 ($0.02 Mil) to Mar. 2009 ($0.32 Mil) and increased from Mar. 2009 ($0.32 Mil) to Jun. 2009 ($0.39 Mil).

Averox's annual cash and cash equivalents increased from Dec. 2005 ($0.00 Mil) to Jun. 2007 ($0.78 Mil) but then declined from Jun. 2007 ($0.78 Mil) to Jun. 2008 ($0.02 Mil).

Averox Cash And Cash Equivalents Historical Data

The historical data trend for Averox'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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Averox Cash And Cash Equivalents Chart

Averox Annual Data

Trend

Dec03

Dec04

Dec05

Jun07

Jun08

Cash And Cash Equivalents

0.78

0.02

Averox Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.02	0.10	0.02	0.32	0.39

Averox 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.

Averox (OTCPK:AVRI) 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.

Averox Cash And Cash Equivalents Related Terms

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Averox (Averox) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Averox Inc (OTCPK:AVRI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

13784 Graber Avenue, Sylmar, CA, USA, 91342

Website

https://www.averox.com

Averox Inc started as a software company writing programs useful to small and large businesses. The current business plan is to merge with a private company, possibly a manufacturer of surgical instruments.

Averox (Averox) Headlines

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