Thermwood (Thermwood) Cash, Cash Equivalents, Marketable Securities : $0.08 Mil (As of Jul. 2001)

Thermwood Cash, Cash Equivalents, Marketable Securities Chart

Thermwood Annual Data
	Trend	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01
Cash, Cash Equivalents, Marketable Securities		Get a 7-Day Free Trial					0.50	0.10	0.10	-	0.08

Thermwood Quarterly Data
	Oct96	Jan97	Apr97	Jul97	Oct97	Jan98	Apr98	Jul98	Oct98	Jan99	Apr99	Jul99	Oct99	Jan00	Apr00	Jul00	Oct00	Jan01	Apr01	Jul01
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															-	-	0.31	0.25	0.08

Thermwood 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.

Thermwood  (OTCPK:TOOD) 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.

Thermwood Cash, Cash Equivalents, Marketable Securities Related Terms

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Thermwood (Thermwood) Business Description