Berger Paints Jamaica (XJAM:BRG) Cash, Cash Equivalents, Marketable Securities : JMD27 Mil (As of Dec. 2008)

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What is Berger Paints Jamaica Cash, Cash Equivalents, Marketable Securities?

Berger Paints Jamaica's quarterly cash, cash equivalents, marketable securities stayed the same from . 20 (JMD0.00 Mil) to . 20 (JMD0.00 Mil) but then increased from . 20 (JMD0.00 Mil) to Dec. 2008 (JMD26.59 Mil).

Berger Paints Jamaica's annual cash, cash equivalents, marketable securities stayed the same from . 20 (JMD0.00 Mil) to . 20 (JMD0.00 Mil) but then increased from . 20 (JMD0.00 Mil) to Dec. 2008 (JMD26.59 Mil).

Berger Paints Jamaica Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Berger Paints Jamaica'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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Berger Paints Jamaica Cash, Cash Equivalents, Marketable Securities Chart

Berger Paints Jamaica Annual Data

Trend

Dec08

Cash, Cash Equivalents, Marketable Securities

26.59

Berger Paints Jamaica Semi-Annual Data
	Dec08
Cash, Cash Equivalents, Marketable Securities	26.59

Berger Paints Jamaica 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.

Berger Paints Jamaica (XJAM:BRG) 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.

Berger Paints Jamaica Cash, Cash Equivalents, Marketable Securities Related Terms

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Berger Paints Jamaica (XJAM:BRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Berger Paints Jamaica Ltd (XJAM:BRG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

256 Spanish Town Road, P O Box 8, Kingston, JAM, 11

Website

https://www.bergerpaintscaribbean.com

Berger Paints Jamaica Ltd is engaged in the manufacturing and distribution of paint and paint related products. The company's products and services include consumer service, protective coatings, marine paints and architectural and wood finishes. It offers paints, primers, textures, wood finishes, and light industrial finishes. It serves homes and institutions. The group has a strong presence in five regions of the world, including Middle East, South Asia, South East Asia, South Pacific, and the Caribbean, through its five corporate brands - Berger International, Asian Paints, SCIB Paints, Apco Coatings, Taubmans, and Kadisco.