Jd Group (FRA:IZO) Cash, Cash Equivalents, Marketable Securities : €86 Mil (As of Dec. 2014)

Jd Group Cash, Cash Equivalents, Marketable Securities Chart

Jd Group Annual Data
	Trend	Aug04	Aug05	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Jun13	Jun14
Cash, Cash Equivalents, Marketable Securities		Get a 7-Day Free Trial					64.97	82.84	135.62	73.98	82.65

Jd Group Semi-Annual Data
	Aug01	Aug02	Aug03	Aug04	Aug05	Aug06	Aug07	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Dec12	Jun13	Dec13	Jun14	Dec14
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial														94.41	73.98	91.25	82.65	86.34

Jd 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.

Jd Group  (FRA:IZO) 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.

Jd Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Jd Group (FRA:IZO) Business Description