Franchise Services of North America (Franchise Services of North America) Cash, Cash Equivalents, Marketable Securities : $0.89 Mil (As of Mar. 2017)

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What is Franchise Services of North America Cash, Cash Equivalents, Marketable Securities?

Franchise Services of North America's quarterly cash, cash equivalents, marketable securities declined from Sep. 2016 ($1.56 Mil) to Dec. 2016 ($1.02 Mil) but then stayed the same from Dec. 2016 ($1.02 Mil) to Mar. 2017 ($0.89 Mil).

Franchise Services of North America's annual cash, cash equivalents, marketable securities increased from Sep. 2014 ($1.43 Mil) to Sep. 2015 ($1.75 Mil) but then declined from Sep. 2015 ($1.75 Mil) to Sep. 2016 ($1.56 Mil).

Franchise Services of North America Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Franchise Services of North America'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.

Franchise Services of North America Cash, Cash Equivalents, Marketable Securities Chart

Franchise Services of North America Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Cash, Cash Equivalents, Marketable Securities

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1.84

4.43

1.43

1.75

1.56

Franchise Services of North America Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1.53	1.14	1.56	1.02	0.89

Franchise Services of North America 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.

Franchise Services of North America (OTCPK:FCHAF) 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.

Franchise Services of North America Cash, Cash Equivalents, Marketable Securities Related Terms

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Franchise Services of North America (Franchise Services of North America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Franchise Services of North America Inc (OTCPK:FCHAF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1052 Highland Colony Parkway, Suite 204, Ridgeland, MS, USA, 39157

Website

http://www.fsna-inc.com

Franchise Services of North America Inc is a car rental franchisor in North America. The firm operates in the car, van and light truck rental space, alongside a range of insurance products, both business and personal, to its franchisees, the automobile industry, and consumers. It operates through its subsidiary, U-Save Auto Rental of America Inc. (U-Save). Its segments include Franchise, Insurance and Other. The Franchise segment is engaged in franchising to operate U-Save Auto Rental businesses in the United States. The Insurance segment which generates majority revenue is engaged in providing franchisees and independent auto rental operators with financial services related to insurance products in the United States.

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