Avocet Resources (FRA:U3O) Cash And Cash Equivalents : €10.02 Mil (As of Jun. 2013)

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What is Avocet Resources Cash And Cash Equivalents?

Avocet Resources's quarterly cash and cash equivalents declined from Jun. 2012 (€3.70 Mil) to Dec. 2012 (€3.12 Mil) but then increased from Dec. 2012 (€3.12 Mil) to Jun. 2013 (€10.02 Mil).

Avocet Resources's annual cash and cash equivalents increased from Jun. 2010 (€1.43 Mil) to Jun. 2011 (€4.41 Mil) but then declined from Jun. 2011 (€4.41 Mil) to Jun. 2012 (€3.70 Mil).

Avocet Resources Cash And Cash Equivalents Historical Data

The historical data trend for Avocet Resources'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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Avocet Resources Cash And Cash Equivalents Chart

Avocet Resources Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Cash And Cash Equivalents

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1.44

2.08

1.43

4.41

3.70

Avocet Resources Quarterly Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Cash And Cash Equivalents	Get a 7-Day Free Trial									4.41	4.00	3.70	3.12	10.02

Avocet Resources 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.

Avocet Resources (FRA:U3O) 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.

Avocet Resources Cash And Cash Equivalents Related Terms

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Avocet Resources (FRA:U3O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avocet Resources Ltd (FRA:U3O) » Definitions » Cash And Cash Equivalents

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Address

Website

http://www.U308.com.au

Avocet Resources Ltd is a uranium exploration company with projects in Western Australia, Queensland and South Australia. The Company holds a portfolio with 25 tenements in Western Australia, one in South Australia and a further five in Queensland.

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