Lizhan Environmental (Lizhan Environmental) Cash, Cash Equivalents, Marketable Securities : $0.50 Mil (As of Mar. 2012)

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What is Lizhan Environmental Cash, Cash Equivalents, Marketable Securities?

Lizhan Environmental's quarterly cash, cash equivalents, marketable securities declined from Jun. 2011 ($1.30 Mil) to Sep. 2011 ($1.23 Mil) but then stayed the same from Sep. 2011 ($1.23 Mil) to Mar. 2012 ($0.50 Mil).

Lizhan Environmental's annual cash, cash equivalents, marketable securities increased from Sep. 2009 ($0.86 Mil) to Sep. 2010 ($2.60 Mil) but then declined from Sep. 2010 ($2.60 Mil) to Sep. 2011 ($1.23 Mil).

Lizhan Environmental Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Lizhan Environmental'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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Lizhan Environmental Cash, Cash Equivalents, Marketable Securities Chart

Lizhan Environmental Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Cash, Cash Equivalents, Marketable Securities

0.71

0.86

2.60

1.23

Lizhan Environmental Quarterly Data
	Sep08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Mar12
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial							6.85	2.06	1.30	1.23	0.50

Lizhan Environmental 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.

Lizhan Environmental (OTCPK:LZENF) 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.

Lizhan Environmental Cash, Cash Equivalents, Marketable Securities Related Terms

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Lizhan Environmental (Lizhan Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lizhan Environmental Corp (OTCPK:LZENF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

No. 716, Qifu Road, Wutong Street, Tongxiang, Zhejiang Province, CHN, 314500

Website

http://gb.lzencorp.com/

Lizhan Environmental Corp manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials. It's products used in the production of residential and office furniture, garments, automotive upholstery products, and various consumer applications. It sells domestically in China and export to distributors and manufacturers in the United States and other foreign countries.

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