Fortune Asia Group (ASX:FYA) Cash, Cash Equivalents, Marketable Securities : A$0.42 Mil (As of Jun. 2018)

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What is Fortune Asia Group Cash, Cash Equivalents, Marketable Securities?

Fortune Asia Group's quarterly cash, cash equivalents, marketable securities declined from Jun. 2017 (A$0.82 Mil) to Dec. 2017 (A$0.64 Mil) but then stayed the same from Dec. 2017 (A$0.64 Mil) to Jun. 2018 (A$0.42 Mil).

Fortune Asia Group's annual cash, cash equivalents, marketable securities declined from Dec. 2016 (A$1.01 Mil) to Dec. 2017 (A$0.64 Mil) and declined from Dec. 2017 (A$0.64 Mil) to Dec. 2018 (A$0.30 Mil).

Fortune Asia Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Fortune Asia 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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Fortune Asia Group Cash, Cash Equivalents, Marketable Securities Chart

Fortune Asia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Cash, Cash Equivalents, Marketable Securities

2.13

1.32

1.01

0.64

0.30

Fortune Asia Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				1.01	0.82	0.64	0.42	0.30

Fortune Asia 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.

Fortune Asia Group (ASX:FYA) 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.

Fortune Asia Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Fortune Asia Group (ASX:FYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Asia Group Ltd (ASX:FYA) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

377 Kent Street, Suite 525, Sydney, NSW, AUS, 2000

Website

http://www.ergau.com

Fortune Asia Group Ltd, formerly Emperor Range Group Ltd is engaged in mining and exploration at the tenements situated in Xinjiang Uygur Autonomous Region of the People's Republic of China.

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