Lafarge (XSWX:LG) Cash, Cash Equivalents, Marketable Securities : CHF2,090 Mil (As of Jun. 2015)

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What is Lafarge Cash, Cash Equivalents, Marketable Securities?

Lafarge's quarterly cash, cash equivalents, marketable securities declined from Dec. 2014 (CHF2,506.20 Mil) to Mar. 2015 (CHF2,178.04 Mil) but then stayed the same from Mar. 2015 (CHF2,178.04 Mil) to Jun. 2015 (CHF2,090.16 Mil).

Lafarge's annual cash, cash equivalents, marketable securities increased from Dec. 2012 (CHF3,386.56 Mil) to Dec. 2013 (CHF3,836.30 Mil) but then declined from Dec. 2013 (CHF3,836.30 Mil) to Dec. 2014 (CHF2,506.20 Mil).

Lafarge Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Lafarge'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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Lafarge Cash, Cash Equivalents, Marketable Securities Chart

Lafarge Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash, Cash Equivalents, Marketable Securities

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4,221.64

3,969.41

3,386.56

3,836.30

2,506.20

Lafarge Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2,844.41	2,887.07	2,506.20	2,178.04	2,090.16

Lafarge 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.

Lafarge (XSWX:LG) 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.

Lafarge Cash, Cash Equivalents, Marketable Securities Related Terms

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Lafarge (XSWX:LG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Lafarge SA (XSWX:LG) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

Website

http://www.lafarge.com

Lafarge SA is a French limited liability company governed by French law and was founded in France in 1833 and was incorporated in 1884 under the name "J. et A. Pavin de Lafarge". The Company provides building materials. It is engaged in producing & selling cement, aggregates and ready-mix concrete, mostly under the "Lafarge" brand name. Its building products and solutions are used to construct and renovate homes, buildings and infrastructures. At year-end 2013, Company cement production operated, in 56 countries, 113 cement plants and 42 grinding plants, with an annual production capacity of 221 million tons. It also manages cement trading activities. The Company aggregates and concrete are used as raw materials for concrete, masonry, asphalt, and other industrial processes, and as base materials for roads, landï¬lls, and building. As of December 31, 2013, Company had approximately 437 production facilities for aggregates in 23 countries. The Company's Ready-mix concrete had 1,026 concrete plants in 33 countries as of December 31, 2014. The Company also produces asphalt in North America and the United Kingdom, and sells either as a stand-alone product, or in conjunction with contracted paving. The Company operates in Western Europe, North America, Central & Eastern Europe, Middle East & Africa, and Asia.

Lafarge (XSWX:LG) Headlines

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