MDM Engineering Group (LSE:MDM) Cash And Cash Equivalents : £11.21 Mil (As of Mar. 2014)

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What is MDM Engineering Group Cash And Cash Equivalents?

MDM Engineering Group's quarterly cash and cash equivalents increased from Mar. 2013 (£19.65 Mil) to Sep. 2013 (£20.17 Mil) but then stayed the same from Sep. 2013 (£20.17 Mil) to Mar. 2014 (£11.21 Mil).

MDM Engineering Group's annual cash and cash equivalents increased from Mar. 2012 (£18.40 Mil) to Mar. 2013 (£19.65 Mil) but then declined from Mar. 2013 (£19.65 Mil) to Mar. 2014 (£11.21 Mil).

MDM Engineering Group Cash And Cash Equivalents Historical Data

The historical data trend for MDM Engineering 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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MDM Engineering Group Cash And Cash Equivalents Chart

MDM Engineering Group Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Cash And Cash Equivalents

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6.70

11.04

18.40

19.65

11.21

MDM Engineering Group Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14
Cash And Cash Equivalents	18.40	12.47	19.65	20.17	11.21

MDM Engineering 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.

MDM Engineering Group (LSE:MDM) 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.

MDM Engineering Group Cash And Cash Equivalents Related Terms

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MDM Engineering Group (LSE:MDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MDM Engineering Group Ltd (LSE:MDM) » Definitions » Cash And Cash Equivalents

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Address

Website

http://www.mdm-engineering.com

MDM Engineering Group Ltd is engaged in the mineral process engineering and project management. The company has operations in the South Africa.

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