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FirstGroup (FirstGroup) Cash And Cash Equivalents : $848 Mil (As of Sep. 2023)


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What is FirstGroup Cash And Cash Equivalents?

FirstGroup's quarterly cash and cash equivalents increased from Sep. 2022 ($720.95 Mil) to Mar. 2023 ($960.44 Mil) but then stayed the same from Mar. 2023 ($960.44 Mil) to Sep. 2023 ($848.39 Mil).

FirstGroup's annual cash and cash equivalents declined from Mar. 2021 ($1,995.70 Mil) to Mar. 2022 ($1,037.81 Mil) and declined from Mar. 2022 ($1,037.81 Mil) to Mar. 2023 ($960.44 Mil).

FirstGroup Cash And Cash Equivalents Historical Data

The historical data trend for FirstGroup'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.

* Premium members only.

FirstGroup Cash And Cash Equivalents Chart

FirstGroup Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 220.42 395.42 1,995.70 1,037.81 960.44

FirstGroup Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,951.24 1,037.81 720.95 960.44 848.39

FirstGroup 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.

FirstGroup  (OTCPK:FGROF) 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.

FirstGroup Cash And Cash Equivalents Related Terms

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FirstGroup (FirstGroup) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FirstGroup PLC (OTCPK:FGROF) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
FGROY:USA FGPl:UK FGP:UK
Address
37 North Wharf Road, 8th Floor, The Point, Paddington, London, GBR, W2 1AF
Website
https://www.firstgroupplc.com
FirstGroup PLC is a passenger transportation company domiciled in the United Kingdom. The company organizes itself into segments: Greyhound, First Bus, and First Rail. The Greyhound segment operates intercity coaches in the United States and Canada. First Bus operates buses in the United Kingdom. First Rail operates passenger trains in the United Kingdom. The company derives the majority of its revenue from the United Kingdom.