Kuoni Reisen Holding AG (LTS:0QPL) Cash, Cash Equivalents, Marketable Securities : CHF271 Mil (As of Dec. 2015)

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What is Kuoni Reisen Holding AG Cash, Cash Equivalents, Marketable Securities?

Kuoni Reisen Holding AG's quarterly cash, cash equivalents, marketable securities increased from Jun. 2015 (CHF258.10 Mil) to Sep. 2015 (CHF259.00 Mil) and increased from Sep. 2015 (CHF259.00 Mil) to Dec. 2015 (CHF271.20 Mil).

Kuoni Reisen Holding AG's annual cash, cash equivalents, marketable securities declined from Dec. 2013 (CHF370.47 Mil) to Dec. 2014 (CHF350.00 Mil) and declined from Dec. 2014 (CHF350.00 Mil) to Dec. 2015 (CHF271.20 Mil).

Kuoni Reisen Holding AG Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Kuoni Reisen Holding AG'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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Kuoni Reisen Holding AG Cash, Cash Equivalents, Marketable Securities Chart

Kuoni Reisen Holding AG Annual Data

Trend

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Cash, Cash Equivalents, Marketable Securities

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375.74

334.55

370.47

350.00

271.20

Kuoni Reisen Holding AG Quarterly Data
	Sep09	Dec09	Jun10	Sep10	Dec10	Jun11	Sep11	Dec11	Jun12	Sep12	Dec12	Jun13	Sep13	Dec13	Jun14	Sep14	Dec14	Jun15	Sep15	Dec15
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															-	350.00	258.10	259.00	271.20

Kuoni Reisen Holding AG 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.

Kuoni Reisen Holding AG (LTS:0QPL) 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.

Kuoni Reisen Holding AG Cash, Cash Equivalents, Marketable Securities Related Terms

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Kuoni Reisen Holding AG (LTS:0QPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kuoni Reisen Holding AG (LTS:0QPL) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.kuoni.com

Kuoni Reisen Holding AG was established in 1906. The Company operates travel agencies and provides travel planning services. It provides leisure travel services as well as offers tours and support services for overseas travelers in Europe. The Company's business activities are split into three different areas: Destination Management, Tour operating and Visa services. Destination & Accommodation services involve procurement and supply of services as a specialized wholesaler and supplier. It provides accommodation and land components to online & offline travel agencies, tour operators and aggregators via its efficient, online distribution system. Tour Operating activities focus on outbound leisure travel from European and Asian source markets and offer a variety of tailor-made, individual and packaged holidays to end consumers and online & offline travel agencies. Visa Processing Services offers administrative parts of the visa application, and other consular processes.

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