Millenniumpthorne Hotels (Millenniumpthorne Hotels) Cash And Cash Equivalents : $435 Mil (As of Jun. 2019)

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What is Millenniumpthorne Hotels Cash And Cash Equivalents?

Millenniumpthorne Hotels's quarterly cash and cash equivalents increased from Dec. 2018 ($474.68 Mil) to Mar. 2019 ($479.58 Mil) but then stayed the same from Mar. 2019 ($479.58 Mil) to Jun. 2019 ($434.73 Mil).

Millenniumpthorne Hotels's annual cash and cash equivalents increased from Dec. 2016 ($420.72 Mil) to Dec. 2017 ($474.53 Mil) and increased from Dec. 2017 ($474.53 Mil) to Dec. 2018 ($474.68 Mil).

Millenniumpthorne Hotels Cash And Cash Equivalents Historical Data

The historical data trend for Millenniumpthorne Hotels'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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Millenniumpthorne Hotels Cash And Cash Equivalents Chart

Millenniumpthorne Hotels Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash And Cash Equivalents

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605.63

348.80

420.72

474.53

474.68

Millenniumpthorne Hotels Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Cash And Cash Equivalents	Get a 7-Day Free Trial															456.12	462.75	474.68	479.58	434.73

Millenniumpthorne Hotels 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.

Millenniumpthorne Hotels (OTCPK:MLCTF) 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.

Millenniumpthorne Hotels Cash And Cash Equivalents Related Terms

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Millenniumpthorne Hotels (Millenniumpthorne Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels PLC (OTCPK:MLCTF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Scarsdale Place, Kensington, London, GBR, W8 5SR

Website

http://www.millenniumhotels.com

Millennium & Copthorne Hotels PLC is a hotel owner and operator. The company principally operates hotels in properties that it either owns or leases. Millennium & Copthorne operate several hotel brands under three collections: Leng's Collection, which includes brands such as The Bailey's Hotel London, Grand Hotel Palace Rome, and M Hotels; Millennium Collection, which includes Millennium-branded hotels; and Copthorne Collection, which includes Copthorne and Kingsgate-branded hotels. With global operations, the company derives revenue from several countries, with the United States, United Kingdom, and Singapore the most significant.

Millenniumpthorne Hotels (Millenniumpthorne Hotels) Headlines

From GuruFocus

Millennium Hotels and Resorts to Hold Groundbreaking Ceremony for First New Build Project in the U.S., M Social Sunnyvale

By PRNewswire PRNewswire • 10-16-2018

Value Investing With Millennium & Copthorne Pays Off

By Holmes Osborne, CFA Holmes Osborne, CFA • 06-13-2019