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FONU2 (FONU) Cash And Cash Equivalents : $0.00 Mil (As of Sep. 2015)


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What is FONU2 Cash And Cash Equivalents?

FONU2's quarterly cash and cash equivalents increased from Mar. 2015 ($0.01 Mil) to Jun. 2015 ($0.18 Mil) but then stayed the same from Jun. 2015 ($0.18 Mil) to Sep. 2015 ($0.00 Mil).

FONU2's annual cash and cash equivalents declined from Sep. 2013 ($0.05 Mil) to Sep. 2014 ($0.01 Mil) and declined from Sep. 2014 ($0.01 Mil) to Sep. 2015 ($0.00 Mil).

FONU2 Cash And Cash Equivalents Historical Data

The historical data trend for FONU2'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.

FONU2 Cash And Cash Equivalents Chart

FONU2 Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep13 Sep14 Sep15
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.04 0.05 0.01 -

FONU2 Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.05 0.01 0.18 -

FONU2 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.

FONU2  (OTCPK:FONU) 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.

FONU2 Cash And Cash Equivalents Related Terms

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FONU2 (FONU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FONU2 Inc (OTCPK:FONU) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
5112 West Taft Road, Suite M, Liverpool, NY, USA, 13088
Website
https://www.fonuinc.com
FONU2 Inc is in the process of restructuring its business and will move in a new direction to focus on any one of the following sectors; hospitality, real estate development, mining and minerals, green technology, retail, warehousing, and logistics.