Eurasia Drilling Co (LSE:EDCL) Cash And Cash Equivalents : $370 Mil (As of Jun. 2015)

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What is Eurasia Drilling Co Cash And Cash Equivalents?

Eurasia Drilling Co's quarterly cash and cash equivalents declined from Jun. 2014 ($599.41 Mil) to Dec. 2014 ($327.06 Mil) but then increased from Dec. 2014 ($327.06 Mil) to Jun. 2015 ($370.24 Mil).

Eurasia Drilling Co's annual cash and cash equivalents increased from Dec. 2012 ($305.33 Mil) to Dec. 2013 ($777.79 Mil) but then declined from Dec. 2013 ($777.79 Mil) to Dec. 2014 ($327.06 Mil).

Eurasia Drilling Co Cash And Cash Equivalents Historical Data

The historical data trend for Eurasia Drilling 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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Eurasia Drilling Co Cash And Cash Equivalents Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash And Cash Equivalents

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629.47

509.78

305.33

777.79

327.06

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Cash And Cash Equivalents	Get a 7-Day Free Trial								691.95	777.79	599.41	327.06	370.24

Eurasia Drilling 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.

Eurasia Drilling Co (LSE:EDCL) 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.

Eurasia Drilling Co Cash And Cash Equivalents Related Terms

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Eurasia Drilling Co (LSE:EDCL) Business Description

Industry

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Address

Website

http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

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