Limited Duration Investment Grade Preferred Securi (TSX:PFD.U) Cash And Cash Equivalents : $0.33 Mil (As of Jun. 2017)

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What is Limited Duration Investment Grade Preferred Securi Cash And Cash Equivalents?

Limited Duration Investment Grade Preferred Securi's quarterly cash and cash equivalents declined from Jun. 2016 ($7.16 Mil) to Dec. 2016 ($0.54 Mil) but then stayed the same from Dec. 2016 ($0.54 Mil) to Jun. 2017 ($0.33 Mil).

Limited Duration Investment Grade Preferred Securi's annual cash and cash equivalents declined from Dec. 2014 ($1.35 Mil) to Dec. 2015 ($1.11 Mil) and declined from Dec. 2015 ($1.11 Mil) to Dec. 2016 ($0.54 Mil).

Limited Duration Investment Grade Preferred Securi Cash And Cash Equivalents Historical Data

The historical data trend for Limited Duration Investment Grade Preferred Securi'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.

* Premium members only.

Limited Duration Investment Grade Preferred Securi Cash And Cash Equivalents Chart

Limited Duration Investment Grade Preferred Securi Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Cash And Cash Equivalents

1.33

1.35

1.11

0.54

Limited Duration Investment Grade Preferred Securi Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.81	1.11	7.16	0.54	0.33

Limited Duration Investment Grade Preferred Securi 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.

Limited Duration Investment Grade Preferred Securi (TSX:PFD.U) 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.

Limited Duration Investment Grade Preferred Securi Cash And Cash Equivalents Related Terms

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Limited Duration Investment Grade Preferred Securi (TSX:PFD.U) Business Description

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Website

http://www.purposeinvest.com

Limited Duration Investment Grade Preferred Securities Fund provides shareholders with a stable stream of monthly distributions, to preserve the net asset value per unit, and to reduce the risk of rising interest rates by managing portfolio duration.

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