Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Cash, Cash Equivalents, Marketable Securities : $8.61 Mil (As of Jun. 2016)

View and export this data going back to 1989. Start your Free Trial

What is Providence & Worcester Railroad Co Cash, Cash Equivalents, Marketable Securities?

Providence & Worcester Railroad Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2015 ($6.28 Mil) to Mar. 2016 ($5.62 Mil) but then increased from Mar. 2016 ($5.62 Mil) to Jun. 2016 ($8.61 Mil).

Providence & Worcester Railroad Co's annual cash, cash equivalents, marketable securities increased from Dec. 2013 ($2.61 Mil) to Dec. 2014 ($6.41 Mil) but then declined from Dec. 2014 ($6.41 Mil) to Dec. 2015 ($6.28 Mil).

Providence & Worcester Railroad Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Providence & Worcester Railroad Co'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.

Providence & Worcester Railroad Co Cash, Cash Equivalents, Marketable Securities Chart

Providence & Worcester Railroad Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

3.94

0.95

2.61

6.41

6.28

Providence & Worcester Railroad Co Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															7.36	4.45	6.28	5.62	8.61

Providence & Worcester Railroad Co 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.

Providence & Worcester Railroad Co (NAS:PWX) 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.

Providence & Worcester Railroad Co Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Providence & Worcester Railroad Co's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Providence & Worcester Railroad Co (NAS:PWX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pwrr.com

Providence & Worcester Railroad Co commenced its operations in 1973. The Company is a short-line freight railroad as defined by the American Association of Railroads operating in Massachusetts, Rhode Island, Connecticut and New York. The Company is the only interstate freight carrier serving the State of Rhode Island. The Company services the international double-stack intermodal terminal facility in New England in Worcester, Massachusetts, a strategic location for regional transportation and distribution enterprises. The Company transports commodities for its customers, including automobiles, construction aggregates, iron and steel products, chemicals and plastics, lumber, scrap metals, plastic resins, cement, coal, construction and demolition debris, and processed foods and edible foodstuffs, such as corn syrup and vegetable oils. Its customers include Exxon Mobil Corporation, Ford Motor Company, Frito-Lay, Inc., Global LLP, GDF SUEZ Energy North America, International Paper Company, Lehigh Cement, Cargill, Inc., Northeast Utilities, Nucor Steel, Rawson Materials, Renewable Products Marketing Group, Subaru of New England, Tilcon Connecticut, Inc. and Toray Plastics, Inc. The Company competes with other carriers in the siting of new rail-oriented businesses in the region. The Company also competes with other modes of transportation, particularly long-haul trucking companies, for the transportation of commodities, and ocean-going vessels for the transportation of containers. The Company is subject to governmental regulation by the STB, the FRA, the Transportation Security Administration and other federal, state and local regulatory authorities with respect to certain rates and railroad operations, as well as a variety of health, safety, labor, environmental and other matters.

Executives

Daniel T Noreck	officer: Treasurer and CFO	75 HAMMOND STREET, WORCESTER MA 01610
P Scott Conti	director, officer: President and COO	75 HAMMOND STREET, WORCESTER MA 01610
Robert H Eder	director, 10 percent owner, officer: Chief Executive Officer	5 STEEPLE STREET, #303, PROVIDENCE RI 02903
Linda Eder	10 percent owner	100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Craig M Scott	director	75 HAMMOND STREET, WORCESTER MA 01610
Stephen J Carlotti	10 percent owner	1500 FLEET CENTER, PROVIDENCE RI 02903
Merrill W Sherman	director	131 CLARENDON STREET, BOSTON MA 02116

Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Headlines

From GuruFocus

Providence and Worcester Railroad Co Reports Operating Results (10-Q)

By gurufocus • 05-15-2009

Providence and Worcester Railroad Co Reports Operating Results (10-Q)

By gurufocus 10qk • 11-12-2009

Providence and Worcester Railroad Co Reports Operating Results (10-Q)

By gurufocus 10qk • 11-12-2010

Providence and Worcester Railroad Co Reports Operating Results (10-Q)

By gurufocus 10qk • 05-14-2010

Providence and Worcester Railroad Co Reports Operating Results (10-Q)

By gurufocus 10qk • 08-13-2010

Providence and Worcester Railroad Co Reports Operating Results (10-Q)

By gurufocus • 08-14-2009