Forge Group (ASX:FGE) Cash, Cash Equivalents, Marketable Securities : A$93 Mil (As of Jun. 2013)

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What is Forge Group Cash, Cash Equivalents, Marketable Securities?

Forge Group's quarterly cash, cash equivalents, marketable securities increased from Jun. 2011 (A$78.29 Mil) to Jun. 2012 (A$137.85 Mil) but then stayed the same from Jun. 2012 (A$137.85 Mil) to Jun. 2013 (A$93.48 Mil).

Forge Group's annual cash, cash equivalents, marketable securities increased from Jun. 2011 (A$78.29 Mil) to Jun. 2012 (A$137.85 Mil) but then declined from Jun. 2012 (A$137.85 Mil) to Jun. 2013 (A$93.48 Mil).

Forge Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Forge Group's Cash, Cash Equivalents, Marketable Securities 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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Forge Group Cash, Cash Equivalents, Marketable Securities Chart

Forge Group Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Cash, Cash Equivalents, Marketable Securities

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17.45

51.92

78.29

137.85

93.48

Forge Group Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			17.45	51.92	78.29	137.85	93.48

Forge Group Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Forge Group (ASX:FGE) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Forge Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Forge Group (ASX:FGE) Business Description

Industry

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Address

Website

http://www.forgegroup.com.au

Forge Group Ltd provides construction, commercial building, engineering, maintenance and workshop fabrication services. Its operations are segmented into four areas - Minerals & Resources, Power, Construction and Asset Management. The Minerals & Resources segment provides a wide range of engineering, design and construction services for the mining and metals sector. The Power segment provides turnkey power generation solutions to the energy and utilities sectors. The Construction segment offers a suite of construction services that covers all disciplines including heavy civil, structural, mechanical, piping, tanks, electrical, instrumentation, and building. Further, the Asset Management segment offers various asset management services. The Company has operational footprints across Australia, North America, Africa and Asia.

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