Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Cash And Cash Equivalents : HK$29 Mil (As of Dec. 2010)

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What is Sanmenxia Tianyuan Aluminum Co Cash And Cash Equivalents?

Sanmenxia Tianyuan Aluminum Co's quarterly cash and cash equivalents increased from Dec. 2008 (HK$224.94 Mil) to Dec. 2009 (HK$261.04 Mil) but then stayed the same from Dec. 2009 (HK$261.04 Mil) to Dec. 2010 (HK$29.01 Mil).

Sanmenxia Tianyuan Aluminum Co's annual cash and cash equivalents increased from Dec. 2008 (HK$224.94 Mil) to Dec. 2009 (HK$261.04 Mil) but then declined from Dec. 2009 (HK$261.04 Mil) to Dec. 2010 (HK$29.01 Mil).

Sanmenxia Tianyuan Aluminum Co Cash And Cash Equivalents Historical Data

The historical data trend for Sanmenxia Tianyuan Aluminum Co's Cash And Cash Equivalents 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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Sanmenxia Tianyuan Aluminum Co Cash And Cash Equivalents Chart

Sanmenxia Tianyuan Aluminum Co Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Cash And Cash Equivalents

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462.50

289.34

224.94

261.04

29.01

Sanmenxia Tianyuan Aluminum Co Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10
Cash And Cash Equivalents	Get a 7-Day Free Trial			462.50	289.34	224.94	261.04	29.01

Sanmenxia Tianyuan Aluminum Co Cash And Cash Equivalents 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.

Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Sanmenxia Tianyuan Aluminum Co Cash And Cash Equivalents Related Terms

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Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sanmenxia Tianyuan Aluminum Co Ltd (HKSE:08253) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

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Address

Website

http://www.styal.com.cn/

Sanmenxia Tianyuan Aluminum Co. is mainly engaged in aluminum and aluminum alloy ingots production and sales, as well as import business concerning reasearch required materials and equipments.

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