Lithuanian Shipping Company PC (OVSE:LJL1L) Cash And Cash Equivalents : €0.40 Mil (As of Sep. 2015)

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What is Lithuanian Shipping Company PC Cash And Cash Equivalents?

Lithuanian Shipping Company PC's quarterly cash and cash equivalents increased from Mar. 2015 (€0.01 Mil) to Jun. 2015 (€0.09 Mil) and increased from Jun. 2015 (€0.09 Mil) to Sep. 2015 (€0.40 Mil).

Lithuanian Shipping Company PC's annual cash and cash equivalents increased from Dec. 2012 (€0.11 Mil) to Dec. 2013 (€0.46 Mil) but then declined from Dec. 2013 (€0.46 Mil) to Dec. 2014 (€0.11 Mil).

Lithuanian Shipping Company PC Cash And Cash Equivalents Historical Data

The historical data trend for Lithuanian Shipping Company PC'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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Lithuanian Shipping Company PC Cash And Cash Equivalents Chart

Lithuanian Shipping Company PC Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash And Cash Equivalents

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0.60

0.52

0.11

0.46

0.11

Lithuanian Shipping Company PC Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.05	0.11	0.01	0.09	0.40

Lithuanian Shipping Company PC 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.

Lithuanian Shipping Company PC (OVSE:LJL1L) 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.

Lithuanian Shipping Company PC Cash And Cash Equivalents Related Terms

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Lithuanian Shipping Company PC (OVSE:LJL1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Lithuanian Shipping Company PC (OVSE:LJL1L) » Definitions » Cash And Cash Equivalents

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Address

Website

http://www.ljl.lt

Lietuvos juru laivininkyste is a shipping company. It is engaged in carrying bulk, timber, general and container cargoes by sea transport and leasing ships. The Company owns a fleet of cargo vessels as well as ferries for transportation of cargoes.

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