Golden Patriot (Golden Patriot) Cash And Cash Equivalents : $0.01 Mil (As of Jan. 2008)

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What is Golden Patriot Cash And Cash Equivalents?

Golden Patriot's quarterly cash and cash equivalents declined from Jul. 2007 ($0.03 Mil) to Oct. 2007 ($0.00 Mil) but then increased from Oct. 2007 ($0.00 Mil) to Jan. 2008 ($0.01 Mil).

Golden Patriot's annual cash and cash equivalents increased from Apr. 2005 ($0.01 Mil) to Apr. 2006 ($0.19 Mil) but then declined from Apr. 2006 ($0.19 Mil) to Apr. 2007 ($0.05 Mil).

Golden Patriot Cash And Cash Equivalents Historical Data

The historical data trend for Golden Patriot'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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Golden Patriot Cash And Cash Equivalents Chart

Golden Patriot Annual Data

Trend

Apr02

Apr03

Apr04

Apr05

Apr06

Apr07

Cash And Cash Equivalents

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0.01

0.19

0.05

Golden Patriot Quarterly Data
	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.01	0.05	0.03	-	0.01

Golden Patriot 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.

Golden Patriot (OTCPK:GPTC) 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.

Golden Patriot Cash And Cash Equivalents Related Terms

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Golden Patriot (Golden Patriot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golden Patriot Corp (OTCPK:GPTC) » Definitions » Cash And Cash Equivalents

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Address

8 Bond Street, Suite 124, Great Neck, NY, USA, 11021

Website

http://www.goldenpatriotcorp.com

Golden Patriot Corp is engaged in the exploration of its Lucky Boy uranium property in Arizona.

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