Vitesse Semiconductor (FRA:VTSN) Cash And Cash Equivalents : €25.75 Mil (As of Dec. 2014)

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What is Vitesse Semiconductor Cash And Cash Equivalents?

Vitesse Semiconductor's quarterly cash and cash equivalents increased from Jun. 2014 (€52.12 Mil) to Sep. 2014 (€55.80 Mil) but then stayed the same from Sep. 2014 (€55.80 Mil) to Dec. 2014 (€25.75 Mil).

Vitesse Semiconductor's annual cash and cash equivalents increased from Sep. 2012 (€18.54 Mil) to Sep. 2013 (€51.51 Mil) and increased from Sep. 2013 (€51.51 Mil) to Sep. 2014 (€55.80 Mil).

Vitesse Semiconductor Cash And Cash Equivalents Historical Data

The historical data trend for Vitesse Semiconductor'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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Vitesse Semiconductor Cash And Cash Equivalents Chart

Vitesse Semiconductor Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Cash And Cash Equivalents

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29.09

12.59

18.54

51.51

55.80

Vitesse Semiconductor Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Cash And Cash Equivalents	Get a 7-Day Free Trial															35.30	34.85	52.12	55.80	25.75

Vitesse Semiconductor 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.

Vitesse Semiconductor (FRA:VTSN) 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.

Vitesse Semiconductor Cash And Cash Equivalents Related Terms

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Vitesse Semiconductor (FRA:VTSN) Business Description

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Vitesse Semiconductor Corp is incorporated in Delaware. The Company is a supplier of high-performance integrated circuits (ICs) that are used by manufacturers of networking systems for Carrier and Enterprise networking applications. The Company designs, develops and markets a diverse portfolio of high-performance, low-power and cost-competitive networking and connectivity IC solutions. The Company's customers include networking original equipment manufacturers (OEMs) and original design manufacturers (ODMs) worldwide such as Alcatel-Lucent, Ciena, Cisco Systems, Dell, IBM, Ericsson, Fiberhome, Hewlett-Packard, Huawei Technologies, Juniper Networks, Nokia Siemens Networks, Samsung, Tellabs, ZTE, and ZyXel.

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