Fox Resources (ASX:FXR) Cash, Cash Equivalents, Marketable Securities : A$0.18 Mil (As of Jun. 2014)

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What is Fox Resources Cash, Cash Equivalents, Marketable Securities?

Fox Resources's quarterly cash, cash equivalents, marketable securities increased from Jun. 2013 (A$0.13 Mil) to Dec. 2013 (A$1.17 Mil) but then stayed the same from Dec. 2013 (A$1.17 Mil) to Jun. 2014 (A$0.18 Mil).

Fox Resources's annual cash, cash equivalents, marketable securities declined from Jun. 2012 (A$0.43 Mil) to Jun. 2013 (A$0.13 Mil) but then increased from Jun. 2013 (A$0.13 Mil) to Jun. 2014 (A$0.18 Mil).

Fox Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Fox Resources'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.

* Premium members only.

Fox Resources Cash, Cash Equivalents, Marketable Securities Chart

Fox Resources Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Cash, Cash Equivalents, Marketable Securities

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0.66

0.69

0.43

0.13

0.18

Fox Resources Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.43	0.36	0.13	1.17	0.18

Fox Resources 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.

Fox Resources (ASX:FXR) 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.

Fox Resources Cash, Cash Equivalents, Marketable Securities Related Terms

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Fox Resources (ASX:FXR) Business Description

Industry

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Address

Website

http://www.foxresources.com.au

Fox Resources Ltd is incorporated in Australia. The Company explores base metals, gold, iron ore and coal and the evaluation of a heap leaching operation. The Company's project include the Radio Hill and Sholl Heap Leaching Project. The Radio Hill mine, located 35km south of Karratha, produced nickel and copper concentrate for four year. The Company's operations are subject to various environmental regulations under both Commonwealth and State Government legislation.