Optigenex (Optigenex) Cash And Cash Equivalents : $0.02 Mil (As of Jun. 2008)

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What is Optigenex Cash And Cash Equivalents?

Optigenex's quarterly cash and cash equivalents declined from Dec. 2007 ($0.01 Mil) to Mar. 2008 ($0.00 Mil) but then increased from Mar. 2008 ($0.00 Mil) to Jun. 2008 ($0.02 Mil).

Optigenex's annual cash and cash equivalents declined from Dec. 2005 ($0.97 Mil) to Dec. 2006 ($0.15 Mil) and declined from Dec. 2006 ($0.15 Mil) to Dec. 2007 ($0.01 Mil).

Optigenex Cash And Cash Equivalents Historical Data

The historical data trend for Optigenex'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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Optigenex Cash And Cash Equivalents Chart

Optigenex Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Cash And Cash Equivalents

1.20

0.97

0.15

0.01

Optigenex Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.04	0.05	0.01	-	0.02

Optigenex 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.

Optigenex (OTCPK:OPGX) 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.

Optigenex Cash And Cash Equivalents Related Terms

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Optigenex (Optigenex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Optigenex Inc (OTCPK:OPGX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Sam Rayburn Highway, Melissa, TX, USA, 75454

Website

http://www.optigenex.com

Optigenex Inc is an applied sciences company dedicated to solutions for healthy age management. The company offers AC-11, a powdered and bioactive rainforest plant extract that helps the body to repair sun and environmental stress-related damage to DNA, and slow down the process of skin aging.

Executives

Richard S Serbin

director, 10 percent owner, officer: CEO, President & Secretary

750 LEXINGTON AVENUE, 6TH FLOOR, NEW YORK NY 10022

Optigenex (Optigenex) Headlines

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