Turners Group NZ (NZSE:TUA) Cash, Cash Equivalents, Marketable Securities : NZ$11.56 Mil (As of Jun. 2014)

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What is Turners Group NZ Cash, Cash Equivalents, Marketable Securities?

Turners Group NZ's quarterly cash, cash equivalents, marketable securities increased from Jun. 2013 (NZ$13.61 Mil) to Dec. 2013 (NZ$13.73 Mil) but then stayed the same from Dec. 2013 (NZ$13.73 Mil) to Jun. 2014 (NZ$11.56 Mil).

Turners Group NZ's annual cash, cash equivalents, marketable securities increased from Dec. 2011 (NZ$11.93 Mil) to Dec. 2012 (NZ$13.94 Mil) but then declined from Dec. 2012 (NZ$13.94 Mil) to Dec. 2013 (NZ$13.73 Mil).

Turners Group NZ Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Turners Group NZ'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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Turners Group NZ Cash, Cash Equivalents, Marketable Securities Chart

Turners Group NZ Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash, Cash Equivalents, Marketable Securities

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17.53

16.09

11.93

13.94

13.73

Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															13.13	13.94	13.61	13.73	11.56

Turners Group NZ 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.

Turners Group NZ (NZSE:TUA) 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.

Turners Group NZ Cash, Cash Equivalents, Marketable Securities Related Terms

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Turners Group NZ (NZSE:TUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Group NZ Ltd (NZSE:TUA) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

Website

http://www.turners.co.nz

Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.