SPQS (SportsQuest) Cash And Cash Equivalents : $0.18 Mil (As of Oct. 2007)

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What is SportsQuest Cash And Cash Equivalents?

SportsQuest's quarterly cash and cash equivalents stayed the same from Oct. 2005 ($0.00 Mil) to Oct. 2006 ($0.00 Mil) but then increased from Oct. 2006 ($0.00 Mil) to Oct. 2007 ($0.18 Mil).

SportsQuest's annual cash and cash equivalents stayed the same from Oct. 2005 ($0.00 Mil) to Oct. 2006 ($0.00 Mil) but then increased from Oct. 2006 ($0.00 Mil) to Oct. 2007 ($0.18 Mil).

SportsQuest Cash And Cash Equivalents Historical Data

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

SportsQuest Annual Data

Trend

Oct98

Oct99

Oct00

Oct01

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

Cash And Cash Equivalents

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0.18

SportsQuest Semi-Annual Data
	Oct96	Oct97	Oct98	Oct99	Oct00	Oct01	Oct02	Oct03	Oct04	Oct05	Oct06	Oct07
Cash And Cash Equivalents	Get a 7-Day Free Trial							-	-	-	-	0.18

SportsQuest 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.

SportsQuest (OTCPK:SPQS) 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.

SportsQuest Cash And Cash Equivalents Related Terms

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SportsQuest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SportsQuest Inc (OTCPK:SPQS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite No. 600, West Palm Beach, Florida, FL, USA, 33401

Website

https://www.sports-quest.co

SportsQuest Inc is currently is in development stage company of a sports franchise. The company is engaged in sports and hospitality related services.

Executives

Roy Thomas Kidd	director, officer: President, CEO	432 VALLEY STREAM DRIVE, GENEVA FL 32732
Air Brook Airport Express Inc	other: Related party	500 AUSTRALIAN AVENUE, SUITE 600, WEST PALM BEACH FL 33401