Jetliner

Where Have All the Buybacks Gone?

Try the following: From the Cash flow statement take the net op cash. Next from the balance sheet take the total current Liab figure .
Divide the cash figure by the current liab figure. This represents that cash flow available ( not including additional financing) to fund the operations for the current period. If the result is less than 1, then the company doesn't GENERATE enough cash to operate, and must rely on other sources to meet its most basic requirements to operate. Thi s is a simple measure of the company's "cash".
Buying back a company's stock and even giving a dividend is a drain on resources that can have consequences- and the reason that buybacks at even low stock prices are being cut as well as dividends.
Many companies are want to even predict results given the uncertainty of declining results, acting to reduce cash resources is usually risky in these times. A better avenue to raise stock price is often the reverse split- a different prospect for another time.

Cash IS King