Oakbay Resources and Energy (JSE:46926) Cash, Cash Equivalents, Marketable Securities : R4.5 Mil (As of Feb. 2017)

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What is Oakbay Resources and Energy Cash, Cash Equivalents, Marketable Securities?

Oakbay Resources and Energy's quarterly cash, cash equivalents, marketable securities declined from Feb. 2016 (R224.98 Mil) to Aug. 2016 (R0.68 Mil) but then increased from Aug. 2016 (R0.68 Mil) to Feb. 2017 (R4.53 Mil).

Oakbay Resources and Energy's annual cash, cash equivalents, marketable securities increased from Feb. 2015 (R191.06 Mil) to Feb. 2016 (R224.98 Mil) but then declined from Feb. 2016 (R224.98 Mil) to Feb. 2017 (R4.53 Mil).

Oakbay Resources and Energy Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Cash, Cash Equivalents, Marketable Securities Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Cash, Cash Equivalents, Marketable Securities

3.09

191.06

224.98

4.53

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			191.06	199.73	224.98	0.68	4.53

Oakbay Resources and Energy 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.

Oakbay Resources and Energy (JSE:46926) 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.

Oakbay Resources and Energy Cash, Cash Equivalents, Marketable Securities Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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