Halo Food Co (ASX:HLF) Cash And Cash Equivalents : A$2.77 Mil (As of Mar. 2023)

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What is Halo Food Co Cash And Cash Equivalents?

Halo Food Co's quarterly cash and cash equivalents declined from Mar. 2022 (A$7.19 Mil) to Sep. 2022 (A$3.48 Mil) but then stayed the same from Sep. 2022 (A$3.48 Mil) to Mar. 2023 (A$2.77 Mil).

Halo Food Co's annual cash and cash equivalents declined from Mar. 2020 (A$4.39 Mil) to Mar. 2021 (A$4.05 Mil) but then increased from Mar. 2021 (A$4.05 Mil) to Mar. 2022 (A$7.19 Mil).

Halo Food Co Cash And Cash Equivalents Historical Data

The historical data trend for Halo Food Co'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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Halo Food Co Cash And Cash Equivalents Chart

Halo Food Co Annual Data

Trend

Sep17

Mar19

Mar20

Mar21

Mar22

Cash And Cash Equivalents

14.99

9.77

4.39

4.05

7.19

Halo Food Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Cash And Cash Equivalents	Get a 7-Day Free Trial					4.05	3.34	7.19	3.48	2.77

Halo Food Co 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.

Halo Food Co (ASX:HLF) 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.

Halo Food Co Cash And Cash Equivalents Related Terms

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Halo Food Co (ASX:HLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Halo Food Co Ltd (ASX:HLF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

26-28 Bond Street, Level 5, Mordialloc, Melbourne, VIC, AUS, 3195

Website

https://www.halofoodco.com

Halo Food Co Ltd is engaged in the manufacturing and exporting of dairy, health, and wellness, and nutritional products, with a particular focus on formulated powdered products, ready-to-drink protein drinks. The Group earns the majority of its revenues from the sales of its proprietary products and contract manufacturing.