Ninetowns Internet Technology Group Co (FRA:NQU) Cash And Cash Equivalents : €50.67 Mil (As of Dec. 2013)

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What is Ninetowns Internet Technology Group Co Cash And Cash Equivalents?

Ninetowns Internet Technology Group Co's quarterly cash and cash equivalents declined from Dec. 2011 (€31.42 Mil) to Dec. 2012 (€31.20 Mil) but then increased from Dec. 2012 (€31.20 Mil) to Dec. 2013 (€50.67 Mil).

Ninetowns Internet Technology Group Co's annual cash and cash equivalents declined from Dec. 2011 (€31.42 Mil) to Dec. 2012 (€31.20 Mil) but then increased from Dec. 2012 (€31.20 Mil) to Dec. 2013 (€50.67 Mil).

Ninetowns Internet Technology Group Co Cash And Cash Equivalents Historical Data

The historical data trend for Ninetowns Internet Technology Group Co'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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Ninetowns Internet Technology Group Co Cash And Cash Equivalents Chart

Ninetowns Internet Technology Group Co Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash And Cash Equivalents

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47.57

56.92

31.42

31.20

50.67

Ninetowns Internet Technology Group Co Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Cash And Cash Equivalents	Get a 7-Day Free Trial								47.57	56.92	31.42	31.20	50.67

Ninetowns Internet Technology Group Co 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.

Ninetowns Internet Technology Group Co (FRA:NQU) 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.

Ninetowns Internet Technology Group Co Cash And Cash Equivalents Related Terms

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Ninetowns Internet Technology Group Co (FRA:NQU) Business Description

Industry

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Address

Website

http://www.ninetowns.com

Ninetowns Internet Technology Group Co Ltd was incorporated in the Cayman Islands as a limited liability company on February 8, 2002 as "Ninetowns Digital World Trade Technology Holdings Limited". It changed its name to "Ninetowns Digital World Trade One Technology Holdings Limited" on June 14, 2002 and then to "Ninetowns Digital World Trade Holdings Limited" on April 7, 2003. The Company is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. Its enterprise software products consist of standardized, easy-to-install applications that simplify the declaration and approval process for international trade enterprises in China. Its enterprise software automates and facilitates the processing of the required import/export declarations and approvals in a cost-efficient, user-friendly and legally-compliant manner over the Internet, utilizing an electronic infrastructure it helped build that links together numerous branch offices of the PRC Inspections Administration. Through its software development services, it assists in the development and maintenance of the software systems used to process electronic filings by the PRC Inspections Administration and the data exchange platforms which serve as the interface between such systems and its enterprise software users.

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