Dragon Oil (LSE:DGO) Cash, Cash Equivalents, Marketable Securities : £1,191.5 Mil (As of Jun. 2015)

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What is Dragon Oil Cash, Cash Equivalents, Marketable Securities?

Dragon Oil's quarterly cash, cash equivalents, marketable securities declined from Jun. 2014 (£1,460.62 Mil) to Dec. 2014 (£1,261.95 Mil) but then stayed the same from Dec. 2014 (£1,261.95 Mil) to Jun. 2015 (£1,191.46 Mil).

Dragon Oil's annual cash, cash equivalents, marketable securities declined from Dec. 2012 (£1,327.28 Mil) to Dec. 2013 (£1,173.38 Mil) but then increased from Dec. 2013 (£1,173.38 Mil) to Dec. 2014 (£1,261.95 Mil).

Dragon Oil Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Dragon Oil'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.

Dragon Oil Cash, Cash Equivalents, Marketable Securities Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash, Cash Equivalents, Marketable Securities

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856.76

1,159.30

1,327.28

1,173.38

1,261.95

Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								1,370.61	1,173.38	1,460.62	1,261.95	1,191.46

Dragon Oil 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.

Dragon Oil (LSE:DGO) 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.

Dragon Oil Cash, Cash Equivalents, Marketable Securities Related Terms

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Dragon Oil (LSE:DGO) Business Description

Industry

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Address

Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.

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