Fidelity California Municipal Fund Cash And Equivalents

Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

In accordance with the recently published financial statements, Fidelity California Municipal has 0.0 in Cash And Equivalents. This indicator is about the same for the Fidelity Investments average (which is currently at 0.0) family and about the same as Muni California Long (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).

The Macroaxis Fundamental Analysis modules help investors analyze Fidelity California Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity California Municipal based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Fidelity California financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity California security.