Boomerang Oil (XCNQ:BOI) Cash And Cash Equivalents : C$0.01 Mil (As of Jun. 2015)

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What is Boomerang Oil Cash And Cash Equivalents?

Boomerang Oil's quarterly cash and cash equivalents increased from Dec. 2014 (C$0.00 Mil) to Mar. 2015 (C$0.01 Mil) but then stayed the same from Mar. 2015 (C$0.01 Mil) to Jun. 2015 (C$0.01 Mil).

Boomerang Oil's annual cash and cash equivalents increased from Sep. 2012 (C$0.00 Mil) to Sep. 2013 (C$0.00 Mil) but then stayed the same from Sep. 2013 (C$0.00 Mil) to Sep. 2014 (C$0.00 Mil).

Boomerang Oil Cash And Cash Equivalents Historical Data

The historical data trend for Boomerang Oil'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.

Boomerang Oil Cash And Cash Equivalents Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

Cash And Cash Equivalents

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Cash And Cash Equivalents	Get a 7-Day Free Trial										-	-	-	0.01	0.01

Boomerang Oil 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.

Boomerang Oil (XCNQ:BOI) 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.

Boomerang Oil Cash And Cash Equivalents Related Terms

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Boomerang Oil (XCNQ:BOI) Business Description

Industry

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Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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