Smiths News (Smiths News) Cash And Cash Equivalents : $47 Mil (As of Aug. 2023)

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What is Smiths News Cash And Cash Equivalents?

Smiths News's quarterly cash and cash equivalents declined from Aug. 2022 ($42.28 Mil) to Feb. 2023 ($28.50 Mil) but then increased from Feb. 2023 ($28.50 Mil) to Aug. 2023 ($47.40 Mil).

Smiths News's annual cash and cash equivalents increased from Aug. 2021 ($26.62 Mil) to Aug. 2022 ($42.28 Mil) and increased from Aug. 2022 ($42.28 Mil) to Aug. 2023 ($47.40 Mil).

Smiths News Cash And Cash Equivalents Historical Data

The historical data trend for Smiths News'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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Smiths News Cash And Cash Equivalents Chart

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

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29.20

66.49

26.62

42.28

47.40

Smiths News Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash And Cash Equivalents	Get a 7-Day Free Trial															26.62	32.88	42.28	28.50	47.40

Smiths News 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.

Smiths News (OTCPK:SMWPY) 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.

Smiths News Cash And Cash Equivalents Related Terms

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Smiths News (Smiths News) Business Description

Industry

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Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.