Aeroflex Holding (FRA:1AX) Cash And Cash Equivalents : €34.2 Mil (As of Mar. 2014)

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What is Aeroflex Holding Cash And Cash Equivalents?

Aeroflex Holding's quarterly cash and cash equivalents declined from Sep. 2013 (€46.97 Mil) to Dec. 2013 (€44.49 Mil) but then stayed the same from Dec. 2013 (€44.49 Mil) to Mar. 2014 (€34.16 Mil).

Aeroflex Holding's annual cash and cash equivalents declined from Jun. 2011 (€46.00 Mil) to Jun. 2012 (€32.94 Mil) and declined from Jun. 2012 (€32.94 Mil) to Jun. 2013 (€29.88 Mil).

Aeroflex Holding Cash And Cash Equivalents Historical Data

The historical data trend for Aeroflex Holding'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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Aeroflex Holding Cash And Cash Equivalents Chart

Aeroflex Holding Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Cash And Cash Equivalents

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41.23

82.34

46.00

32.94

29.88

Aeroflex Holding Quarterly Data
	Jun09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Cash And Cash Equivalents	Get a 7-Day Free Trial														26.86	29.88	46.97	44.49	34.16

Aeroflex Holding 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.

Aeroflex Holding (FRA:1AX) 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.

Aeroflex Holding Cash And Cash Equivalents Related Terms

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Aeroflex Holding (FRA:1AX) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.aeroflex.com

Aeroflex Holding Corp is a provider of radio frequency, or RF, and microwave integrated circuits, components and systems used in the design, development and maintenance of technically demanding, high-performance wireless communication systems. Its solutions include microelectronic components and test and measurement equipment used by companies in the: commercial wireless communications; space, avionics and defense; and medical and other markets. The products it manufactures include RF, microwave and millimeter wave microelectronic components , or HiRel, and radiation hardened, or RadHard, integrated circuits, or ICs, and analog and mixed-signal devices. It also manufactures RF and microwave wireless radio and avionics test equipment and solutions particularly for the wireless, avionics and radio test markets. The Company operates in the following segments: Aeroflex Microelectronic Solutions, or AMS, and Aeroflex Test Solutions, or ATS. AMS offers microelectronics products and is a provider of high-performance, high reliability specialty products for the commercial wireless communications and the space, avionics and defense and medical and other markets. ATS is a provider of specialized test and measurement hardware and software products, primarily for the commercial wireless communications and the space, avionics and defense markets. AMS addresses value-added specialty markets requiring application specific, custom engineered, high-performance microelectronic solutions. ATS addresses value-added specialty markets requiring application specific, custom engineered, high-performance testing solutions. Its operations are subject to various federal, state, local, and foreign environmental laws, ordinances and regulations that limit discharges into the environment, establish standards for the handling, generation, use, emission, release, discharge, treatment, storage and disposal of, or exposure to, hazardous materials, substances and waste, and require cleanup of contaminated soil and groundwater.

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