Colossus Minerals (Colossus Minerals) Cash And Cash Equivalents : $0.58 Mil (As of Dec. 2013)

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What is Colossus Minerals Cash And Cash Equivalents?

Colossus Minerals's quarterly cash and cash equivalents increased from Jun. 2013 ($10.59 Mil) to Sep. 2013 ($19.02 Mil) but then stayed the same from Sep. 2013 ($19.02 Mil) to Dec. 2013 ($0.58 Mil).

Colossus Minerals's annual cash and cash equivalents declined from Dec. 2011 ($103.28 Mil) to Dec. 2012 ($63.59 Mil) and declined from Dec. 2012 ($63.59 Mil) to Dec. 2013 ($0.58 Mil).

Colossus Minerals Cash And Cash Equivalents Historical Data

The historical data trend for Colossus Minerals'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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Colossus Minerals Cash And Cash Equivalents Chart

Colossus Minerals Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Dec11

Dec12

Dec13

Cash And Cash Equivalents

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22.82

79.97

103.28

63.59

0.58

Colossus Minerals Quarterly Data
	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Cash And Cash Equivalents	Get a 7-Day Free Trial															63.59	32.08	10.59	19.02	0.58

Colossus Minerals 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.

Colossus Minerals (OTCPK:COLUF) 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.

Colossus Minerals Cash And Cash Equivalents Related Terms

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Colossus Minerals (Colossus Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Colossus Minerals Inc (OTCPK:COLUF) » Definitions » Cash And Cash Equivalents

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Address

100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

http://www.colossusminerals.ca

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.

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