Seafarms Group (ASX:SFG) Cash And Cash Equivalents : A$6.84 Mil (As of Dec. 2023)

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What is Seafarms Group Cash And Cash Equivalents?

Seafarms Group's quarterly cash and cash equivalents declined from Dec. 2022 (A$20.43 Mil) to Jun. 2023 (A$8.45 Mil) but then stayed the same from Jun. 2023 (A$8.45 Mil) to Dec. 2023 (A$6.84 Mil).

Seafarms Group's annual cash and cash equivalents increased from Jun. 2021 (A$0.50 Mil) to Jun. 2022 (A$36.20 Mil) but then declined from Jun. 2022 (A$36.20 Mil) to Jun. 2023 (A$8.45 Mil).

Seafarms Group Cash And Cash Equivalents Historical Data

The historical data trend for Seafarms Group'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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Seafarms Group Cash And Cash Equivalents Chart

Seafarms Group Annual Data

Trend

Sep13

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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16.30

6.47

0.50

36.20

8.45

Seafarms Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															69.99	36.20	20.43	8.45	6.84

Seafarms Group 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.

Seafarms Group (ASX:SFG) 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.

Seafarms Group Cash And Cash Equivalents Related Terms

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Seafarms Group (ASX:SFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seafarms Group Ltd (ASX:SFG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Smith Street, Level 6, Darwin, NT, AUS, 0800

Website

https://www.seafarms.com.au

Seafarms Group Ltd is an Australian agri-food company engaged in providing production platforms for producing high-quality seafood. The company's operating segment include Aquaculture and others. It generates maximum revenue from the Aquaculture segment. The company's project includes Sea Dragon and operates a black tiger and banana prawn aquaculture business located in North Queensland. Its product profile includes crystal bay prawns and crystal bay tigers.

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