Petrosonic Energy (Petrosonic Energy) Cash And Cash Equivalents : $0.01 Mil (As of Sep. 2016)

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What is Petrosonic Energy Cash And Cash Equivalents?

Petrosonic Energy's quarterly cash and cash equivalents declined from Mar. 2016 ($0.04 Mil) to Jun. 2016 ($0.02 Mil) but then stayed the same from Jun. 2016 ($0.02 Mil) to Sep. 2016 ($0.01 Mil).

Petrosonic Energy's annual cash and cash equivalents declined from Dec. 2013 ($1.01 Mil) to Dec. 2014 ($0.45 Mil) and declined from Dec. 2014 ($0.45 Mil) to Dec. 2015 ($0.12 Mil).

Petrosonic Energy Cash And Cash Equivalents Historical Data

The historical data trend for Petrosonic Energy'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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Petrosonic Energy Cash And Cash Equivalents Chart

Petrosonic Energy Annual Data

Trend

Oct09

Oct10

Oct11

Dec13

Dec14

Dec15

Cash And Cash Equivalents

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1.01

0.45

0.12

Petrosonic Energy Quarterly Data
	Jul11	Oct11	Jan12	Apr12	Sep12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.19	0.12	0.04	0.02	0.01

Petrosonic Energy 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.

Petrosonic Energy (GREY:PSON) 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.

Petrosonic Energy Cash And Cash Equivalents Related Terms

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Petrosonic Energy (Petrosonic Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrosonic Energy Inc (GREY:PSON) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

N/A

Address

914 Westwood Boulevard, No. 545, Los Angeles, CA, USA, 90024

Website

http://www.petrosonic.net

Petrosonic Energy Inc is a development-stage company. It focuses on the sonic separation, treatment, and upgrading of heavy oil, and on the manufacture of synthetic fuel oil through emulsification of heavy crude oil and asphaltenes. The company's assets include technology relating to the treatment and upgrading of heavy oil by sonicated solvent de-asphalting, two sonic reactors, one located in Albania and one located in Richmond, British Columbia, Canada, and a solvent recovery system.