China Gerui Advanced Materials Group (FRA:G60A) Cash And Cash Equivalents : €3.03 Mil (As of Sep. 2014)

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What is China Gerui Advanced Materials Group Cash And Cash Equivalents?

China Gerui Advanced Materials Group's quarterly cash and cash equivalents declined from Mar. 2014 (€166.77 Mil) to Jun. 2014 (€10.15 Mil) but then stayed the same from Jun. 2014 (€10.15 Mil) to Sep. 2014 (€3.03 Mil).

China Gerui Advanced Materials Group's annual cash and cash equivalents declined from Dec. 2011 (€187.42 Mil) to Dec. 2012 (€174.39 Mil) and declined from Dec. 2012 (€174.39 Mil) to Dec. 2013 (€173.05 Mil).

China Gerui Advanced Materials Group Cash And Cash Equivalents Historical Data

The historical data trend for China Gerui Advanced Materials Group'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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China Gerui Advanced Materials Group Cash And Cash Equivalents Chart

China Gerui Advanced Materials Group Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash And Cash Equivalents

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54.61

90.33

187.42

174.39

173.05

China Gerui Advanced Materials Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	173.05	166.77	10.15	3.03

China Gerui Advanced Materials Group 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.

China Gerui Advanced Materials Group (FRA:G60A) 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.

China Gerui Advanced Materials Group Cash And Cash Equivalents Related Terms

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China Gerui Advanced Materials Group (FRA:G60A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Gerui Advanced Materials Group Ltd (FRA:G60A) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

1 Shuanghu Development Zone, Zhengzhou, Xinzheng City, Henan, CHN, 451191

Website

http://www.geruigroup.com

China Gerui Advanced Materials Group Ltd is a China-based steel processor company. It manufactures high precision cold-rolled narrow strip steel products and converts steel manufactured into thin steel sheets and strips. It mainly produces ultra-thin, high-strength cold-rolled steel products and chromium plates. The company sells its products to domestic Chinese customers who primarily operate in the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries.

China Gerui Advanced Materials Group (FRA:G60A) Headlines

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