What is Premiere Global Services Cash, Cash Equivalents, Marketable Securities?
Premiere Global Services's quarterly cash, cash equivalents, marketable securities
declined
from Mar. 2015 ($28.07 Mil) to Jun. 2015 ($20.71 Mil) but then
stayed the same
from Jun. 2015 ($20.71 Mil) to Sep. 2015 ($19.32 Mil).
Premiere Global Services's annual cash, cash equivalents, marketable securities
increased
from Dec. 2012 ($20.98 Mil) to Dec. 2013 ($44.96 Mil) but then
declined
from Dec. 2013 ($44.96 Mil) to Dec. 2014 ($40.22 Mil).
Premiere Global Services Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Premiere Global Services'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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Premiere Global Services Cash, Cash Equivalents, Marketable Securities Chart
Premiere Global Services 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.
Premiere Global Services (NYSE:PGI) 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.
Premiere Global Services Cash, Cash Equivalents, Marketable Securities Related Terms
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Premiere Global Services (Premiere Global Services) Business Description
Premiere Global Services Inc was incorporated in Florida in 1991 and reincorporated in Georgia in 1995. The Company provides cloud-based solutions that deliver multi-point, real-time virtual collaboration using video, voice, mobile, web streaming and file sharing technologies. Its solutions are available via desktops, tablets and mobile devices, helping businesses worldwide be more productive, mobile and environmentally responsible. The Company has a global presence in 25 countries on five continents and an established base of over 45,000 enterprise customers. In 2011, the Company began transitioning its business toward a software-as-a-service, or SaaS, model. The Company offers three primary software solutions: iMeet is the Companys next-generation, online meeting solution that lets people meet and collaborate face-to-face online anywhere, anytime, from any device; GlobalMeet is the Companys integrated conference calling and web conferencing solution; and GlobalMeet Audio is the Companys enterprise-class audio conferencing solution. Its software solutions are accessible via a suite of desktop and mobile applications, including its apps for the iPhone, iPad, BlackBerry and Android phones. They are also accessible via all market-leading Internet browsers on the web and the mobile web, as well as through access points embedded in third-party software applications. The Company markets its solutions globally through a multi-channel sales approach that includes direct sales, channel resellers, strategic technology partners and marketing alliances and are also available for purchase online. The markets for the Companys solutions are highly competitive, rapidly evolving and subject to changing technology, shifting customer needs and introductions of new products and services. It competes for customers based on product offerings, price, customer service, quality of user experience, ease of use, reliability, global capabilities, scalability, value-added functionality, security and integration with multiple operating systems and devices. The Company is subject to various federal, state, local and international laws regulating the provision of its services. The Company currently has 28 patents issued and 68 applications pending in the United States and internationally.
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