Bullabulling Gold (LSE:BGL) Cash, Cash Equivalents, Marketable Securities : £1.14 Mil (As of Jun. 2014)

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What is Bullabulling Gold Cash, Cash Equivalents, Marketable Securities?

Bullabulling Gold's quarterly cash, cash equivalents, marketable securities increased from Jun. 2013 (£0.46 Mil) to Dec. 2013 (£2.33 Mil) but then stayed the same from Dec. 2013 (£2.33 Mil) to Jun. 2014 (£1.14 Mil).

Bullabulling Gold's annual cash, cash equivalents, marketable securities declined from Dec. 2011 (£7.46 Mil) to Dec. 2012 (£2.64 Mil) and declined from Dec. 2012 (£2.64 Mil) to Dec. 2013 (£2.33 Mil).

Bullabulling Gold Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Bullabulling Gold'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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Bullabulling Gold Cash, Cash Equivalents, Marketable Securities Chart

Bullabulling Gold Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash, Cash Equivalents, Marketable Securities

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3.76

10.43

7.46

2.64

2.33

Bullabulling Gold Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14
Cash, Cash Equivalents, Marketable Securities	-	2.64	0.46	2.33	1.14

Bullabulling Gold 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.

Bullabulling Gold (LSE:BGL) 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.

Bullabulling Gold Cash, Cash Equivalents, Marketable Securities Related Terms

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Bullabulling Gold (LSE:BGL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullabulling Gold Ltd (LSE:BGL) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

Website

http://www.bullabullinggold.com

Bullabulling Gold Ltd wass incorporated on 15 September 2011 in Australia. The Company is a mining exploration and development company. It is primarily focused on development of the wholly owned Bullabulling Gold Project. Bullabulling is located in the Eastern Goldfields of Western Australia, approximately 60km from Kalgoorlie.

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